Stak (STAK) stock surged on Monday without any clear news from the developer of advanced software solutions. There are no press release or filings with the Securities and Exchange Commission (SEC) that explain why the shares are up today.
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However, that doesn’t mean STAK stock is up without reason. A major market for Stak is the oil industry, which uses its advanced software solutions. The small-cap oil sector is on fire recently, as the conflict between Israel and Iran ignited interest in the market.
STAK stock was up 100.51% in pre-market trading on Monday, following a 7.14% rally on Friday. Today’s movement comes with heavy trading, as over 13 million shares changed hands, compared to a three-month daily average of about 93,110 units.
