Siebert Financial stock rockets nearly 5-fold on heavy size, with no news released

Shares of Siebert SIEB Finance Corp.,
+ 274.12%
taste 373% higher towards a level higher than two years on Friday’s heavy size, enough to give the pre-sale winners a run for their money. Trading volume rose to 6.7 million shares, compared to the full-day average over the past 30 days of about 24,500 shares. The company, which operates the break-even business through the subsidiary Muriel Siebert & Co. Inc., that they have not released any news on Friday. The last press release was held on November 16, when Siebert announced that he had hired Anthony Palmeri from JPM JP Morgan Chase & Co.
+ 2.34%
and Jerry Losurdo of TD Prime Services to lead its securities finance group. The stock was on track to open at the highest price seen during regular session hours since September 2018. The stock, which has a short interest of 3.7% of the public address according to the latest data has slipped 1.1% over the past 3 months through Thursday. and has fallen by 51.1% over the last 12 months, and the S&P 500 SPX,
-0.87%
has gained 14.4% in the last three months and picked up 15.7% in the last year.

.Source