Shares in German second-tier stock windeln.de made a massive jump on Monday and Tuesday. At its peak, the share price rose to 6.92 euros. On Friday of last week, one share still cost less than one euro. As a result, the stock gained over 700 percent on Monday and Tuesday. On Wednesday, the share price fell by 15.88 percent to 4.30 euros.
The market euphoria cannot be explained by any specific news about the company itself, only speculation about a possible strong demand for baby products is doing the rounds. Instead, the above-average trading volume appears to be a result of a concerted effort by private investors, as suspected in the market.
This can be seen especially on the forum Reddit. Via Reddit, Gamestop, AMC, and other titles have also seen their stock prices skyrocket in recent months.
