Galecto stock skyrockets 600%: why tiny float stocks are market's latest gamble

Core Insights - Galecto stock (NASDAQ: GLTO) experienced a dramatic increase of over 600%, marking one of the most significant rallies observed in the small biotech sector recently [1] Company Summary - The surge in Galecto's stock price indicates heightened investor interest and potential market excitement surrounding the company's developments or announcements [1] - The stock jumped from a previously lower price point, showcasing volatility typical in small-cap biotech stocks [1]