$Greenwave Technology Solutions (GWAV.US)$ shares are trading higher Friday as the stock receives attention from traders on Reddit. Retail traders appear to be moving to smaller-cap stocks as the meme stock rally in GameStop and AMC Entertainment shares fizzles.
"$gwav is following the FFIE trend. Will continue to go up and it's actually a great company," posted u/Subject_Sprinkles649 on Reddit.
Greenwave shares are moving on heavy trading volume with more than 750 million shares already changing hands in Friday's session. According to data from Benzinga Pro, the stock's 100-day average volume is 58.865 million shares.
Greenwave Technology Solutions is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal for recycling.