Why Is Zhongchao (ZCMD) Stock Up 52% Today?

Group 1 - Zhongchao (NASDAQ:ZCMD) stock is experiencing significant trading activity with over 12 million shares exchanged, far exceeding its average daily volume of approximately 58,000 shares [1] - The stock's price has risen by 52% as of Wednesday morning, indicating strong market interest despite the absence of any clear news or analyst coverage [2] - Zhongchao is classified as a penny stock, with a prior closing price of $1.09 and a market capitalization of only $2.748 million, which contributes to its volatility [1][2] Group 2 - The heavy trading activity may be linked to speculative buying by traders capitalizing on the low stock price, raising concerns about potential market manipulation [2] - The company has a low float of 1.29 million units, which can exacerbate price fluctuations during trading [1]