TechCreate Stock Pops Over 880%: What's Going On?

TechCreate Group Ltd. (NYSE:TCGL) shares are trending on Friday.

Shares of the Singapore-based payment software solutions provider surged 32.01% in after-hours trading, reaching $114 on Thursday.

According to Benzinga Pro, the stock surged 889.23%, closing the regular session at $86.36.

Company Reports No Material Information

TechCreate stated it “is not aware of any material nonpublic information that has not been publicly disclosed” that would account for the trading activity, according to a Thursday statement from the company, responding to a NYSE American inquiry issued before Thursday’s regular session.

TechCreate also said it “does not comment on market speculation or fluctuations in its share price” and continues focusing on executing its business strategy.

Trading Metrics, Technical Analysis

TechCreate has a Relative Strength Index (RSI) of 99.16.

With a market capitalization of $1.76 billion, the stock has a 52-week high of $136.32 and a 52-week low of $3.95.

Over the past 12 months, TCGL stock has surged 1,651.72%, with a 944.26% gain in the past five days.

This extraordinary gain highlights the stock’s strong upward trajectory and suggests that the bullish sentiment could persist if momentum remains intact.

Currently, the stock of the fintech is positioned at approximately 62.25% of its annual range, above the midpoint of $70.14 but below its 52-week high.

Benzinga’s Edge Stock Rankings indicate that TCGL has a positive price trend across all time frames. 

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.