STAK Inc. is trading 5.4% up at $7.99, continuing an extreme rally that has seen the stock gain over 500% in the past month. The massive surge was initiated by two recent company-specific announcements rather than just speculative momentum.
- The rally began after the company announced on June 2 that it was accelerating the expansion of its New Energy Vehicle (NEV) business, leading to a 90% surge in the following session.
- Momentum was further boosted by a June 8 announcement that STAK signed an MOU to form a U.S. subsidiary to provide modular power generation systems for AI data centers.