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Nasdaq Penny Stock Greenlane Holdings Surges 9% in a Day
Nasdaq Penny Stock Greenlane Holdings Surges 9% in a Day
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Greenlane Holdings Inc (GNLN), a penny stock trading at $0.01 on the Nasdaq, saw an 8.51% surge on Friday, breaking past the 1-cent threshold. The stock entered May 2025 at $0.009 before climbing nearly double-digits in a single trading session.
Early investors reaped significant rewards, with a $1,000 position growing to $1,085 within two sessions. The uptick aligns with broader market momentum as the Dow Jones gained over 560 points the same day.
Despite the rally, GNLN remains NEAR its 52-week low—a cautionary note for traders chasing volatile micro-cap movements amid the current risk-on environment.
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