Why Is Zhongchao (ZCMD) Stock Up 40% Today?

Group 1 - Zhongchao (NASDAQ:ZCMD) stock is experiencing significant trading activity, with over 5.3 million shares exchanged, far exceeding its average daily volume of approximately 206,000 shares [1] - The stock price has increased by 40.3% as of Thursday morning, despite the absence of any clear news or analyst coverage to explain the surge [2] - ZCMD is classified as a penny stock, with a previous closing price of $1.54 per share and a market capitalization of only $3.803 million [1] Group 2 - The volatility of penny stocks is highlighted, particularly during non-standard trading hours, which can lead to potential manipulation by traders [2] - Investors are advised to exercise caution, as the stock may quickly decline from its current highs [2]