Jesse Jordan

MicroVision Sees New Highs with Help from Paid Touts, Social Media Influencers, and Speculation

The Reddit Bump On January 26, 2021, shares of Microvision, Inc. (NASDAQ: MVIS) closed above $8 for the first time since sliding down from a 52 week high from December, 2020. The $8.14 close was aided by a small pump from the Reddit forum, "Wall Street Bets". A MicroVision retail investor posted exaggerated buyout speculation around noon to take advantage of the recent focus on Reddit stock trading forums. Previous artificially inflated highs came as a result of paid promoters, social media influencers, and recycled speculation.