Paranovus Entertainment Technology Ltd. (NASDAQ: PAVS) experienced a significant increase in its stock price on Monday, rising 18.8% to close at $1.58. During the trading session, the share price reached a high of $1.65. Trading volume was notably higher than usual, with over 10.4 million shares changing hands, compared to the average daily volume of approximately 837,000 shares.
The sharp rise in both price and volume indicates heightened investor interest in Paranovus stock during the day.
**Why this matters**
The substantial increase in trading activity and share price may reflect new developments or growing market attention toward Paranovus Entertainment Technology. Such movements can influence investor sentiment and potentially impact the company’s market valuation going forward.
Source: NewsData