One of Friday’s biggest movers in the market was ToughBuilt (NASDAQ:TBLT). At Friday’s peak, shares of TBLT stock more than doubled, trading on extremely heavy volume. As of the time of writing, this stock was up more than 70% as the market continued to rebound nicely.
ToughBuilt has one key company-specific catalyst investors appear to be watching. The manufacturer and distributor of various tools and accessories for the construction industry announced the closing of a $6 million public offering.
Let’s dive into what’s driven volatility with ToughBuilt of late.
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