Is there any reason behind the dramatic surge of Koss Corporation (KOSS) stock?

GILD Stock
GILD Stock

Koss Corporation (KOSS) shares skyrocketed in the pre-market session today as it jumped 137% to price at $5.7.What’s behind this stock’s surge? It’s not restless investors getting their money’s worth. Koss itself had no news, but stocks in the Technology sector benefit from more general news.

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KOSS stock is trading at a distance of 6.36% from its 50 days Simple moving average, while its distance from its 20-days Simple moving average is -2.17%. During the previous trading session, its opening share price was $2.33; it went up to $2.73 and came down to $2.33 before closing at $2.40, as a total of 793,448shares were traded during the day.

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