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Source: shutterstock.com/T.schneider
shift pixie (NASDAQ:pixie) shares are rising on Wednesday after the U.S. staffing solutions company’s shares rose in heavy trading this morning.
As of this writing, over 2.6 million shares of PIXY stock have been transferred. This is already significantly higher than the company’s average daily trading volume of about 43,000 shares.
ShiftPixy has not disclosed the reason behind today’s heavy trading. This includes today’s lack of press releases and filings with the Securities and Exchange Commission (SEC).
But that doesn’t mean there’s no news that could lift PIXY stock this morning.
PIXY secures rights for EU gig workers
EU member states are preparing to vote on new laws affecting gig economy workers. Although Shiftpixy operates in the United States, developments in labor rights overseas are of interest to investors.
The new proposed rights are currently scheduled to be voted on next month. It is worth mentioning that these laws have come under scrutiny within the EU and have been significantly watered down in order to gain EU approval.
It’s also worth mentioning that PIXY is a penny stock. This means that stock prices can fluctuate even without big news. It’s worth keeping that in mind this morning.
PIXY stock was up 52.2% as of Wednesday morning.
Investors looking for the latest stock market articles are in luck!
All the latest stock market news traders need to know on Wednesdays. Some examples include what’s happening with the stocks of. Nukana (NASDAQ:NCNA) stocks, this morning’s biggest pre-market stocks, and more. You can read about all this at the following link:
More stock market news on Wednesday
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read more:Penny stocks — How to make money without getting scammed
On the date of publication, William White did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer and are influenced by InvestorPlace.com. Publishing guidelines.
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