The volume of shares traded surged to more than 72 million by Wednesday afternoon, compared with a daily average of about 437,000.
Waitr (WTRH) shares rallied 53%, with the volume of trading catapulting to above 142 million from its daily average of 4.6 million, after Morgan Stanley disclosed a 10.3% stake in the company.
Sono-Tek (SOTK) reported higher sales and earnings in fiscal Q2 2022, and said it expects double-digit revenue growth year-over-year in Q3 and Q4, bringing group sales in the full financial year to a record. Shares advanced 43% as the volume of trading jumped to more than 818,000 versus the stock's daily average of almost 20,000.