Why Is Volcon (VLCN) Stock Up 85% Today?

Group 1 - UBS Group AG has been actively trading shares of Volcon (NASDAQ: VLCN), with transactions occurring from July 5 to July 8 [1][5] - UBS purchased 108 shares of VLCN stock for a total of $488.82, with prices ranging from $4.3885 to $4.53 per share [2] - Following the trades, UBS's indirect holdings in VLCN decreased from 26,131 shares to 24,973 shares [5] Group 2 - The trading activity led to significant interest in VLCN stock, resulting in over 6 million shares traded on Thursday, compared to the average daily volume of approximately 1.1 million shares [6] - As of Thursday morning, VLCN stock has increased by 84.7% [7]