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Amprius Technologies (NYSE:AMPX) stock is exploding higher today in whatâ€™s proving to be a mixed trading session. Although the S&P 500 is making new lows on the day, AMPX stock is up more than 50% as of this writing.
Given this move, one would think that Amprius inked a big new contract or that there was some merger involved. Those less familiar with the company might have even thought it was an initial public offering (IPO). But there is no company-specific news driving AMPX stock higher.
Amprius went public just last month, on Sept. 15. In the companyâ€™s first session, shares opened at $9.01 and traded as high as $26.01. Unfortunately, though, volatility only worked in favor of the bulls for a moment; shares closed at $10 that day.
So, whatâ€™s got often-volatile AMPX stock running now?