Support.com shares surged nearly 33% in premarket trading.
Why is SPRT stock getting such a boost?
First off, SPRT stock is likely getting pushed higher by meme stock traders. These traders have been taking to social media to boost up shares of the stock lately. That’s still going on as investors continue to hype it up on Twitter and other platforms.
The second big news that has investors excited about SPRT stock lately is an upcoming merger. Support.com is planning to merge with Greenidge Generation in a deal that will take the latter public. This will result in a change to its business as Greenidge Generation is a Bitcoin miner.
It’s possible that these two factors will continue to move SPRT stock higher in the coming weeks.