Camber Energy (NYSEAMERICAN:CEI) stock is taking off on Tuesday and that’s despite the company not releasing any recent news.
Source: Shutterstock
So what’s the reason for CEI stock running higher today! It all has to do with the meme stock rally that’s boosting shares.
Camber Energy has actually been on the move since last week with shares mostly heading higher. It experienced a decent rally near the end of last week that caught the attention of retail traders at the time.
It looks like those traders are still interested in pushing shares of CEI stock higher today. As of this writing, more than 191 million shares of the penny stock have changed hands. That’s a massive jump from its daily average trading volume of about 27.7 million shares.
Of course, risk comes with investing in a penny stock like CEI. Sure, it’s running higher now but how long can traders on social media continue to push it higher. We’re likely to see Camber Energy fall again in the near future and that could turn out bad for investors getting in at the wrong time.
Just keep all of that in mind as we see what traders are saying about CEO stock on Twitter (NYSE:TWTR) today.
CEI Stock Twitter Talk
$CEI pro tip. Stop selling in the morning when the bell rings and losing your shares, just to watch the stock spike back up and go green. It keeps happening. Oh yeah, it’s happening.
— LADE BACKK (@LadeBackk) September 3, 2021
$CEI too strong to ignore !!
— Antonio Costa (@ACInvestorBlog) September 2, 2021
Going to take more $cei at these levels. Slow grinder for the rest of the day and a test of $1+ again in power hour would be ideal. Probably over trading here, have locked in nice gains on the day, but hey ho here we go!
— Calum Nolan (@calumnolan_) September 7, 2021
$CEI listen everyone, there’s ALOT of short interest in camber right now. If you want a REAL short squeeze NOW is your chance
— Nick (@Nickswinging) September 7, 2021
$CEI quadrupled my position on this mid day dip. Looking for a clean $1.00 – $1.05 break.
— Hoteps’ Hillbilly (@HotepsHillbilly) September 7, 2021
CEI stock is up 14.7% Tuesday morning but is down 3.2% since the start of the year.
Investors that want more of the latest stock news need to keep reading!
We’ve got all the latest stock chatter that traders need to know about today. Among that is what has Clover Health Investments (NASDAQ:CLOV), AMC Entertainment (NYSE:AMC), and RenovoRx (NASDAQ:RNXT) shares on the move today. You can learn all about that at the following links!
More Tuesday Stock Market News
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed
