Wall Street has turned its attention to the domestic industrial sector this January, driving shares of Stardust Power NASDAQ: SDST up over 18% in the past 30 days. The surge in price and trading volume followed a pivotal announcement regarding the company's flagship project in Muskogee, Oklahoma.
Stardust Power Inc. (SDST) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Just days after its listing on the Nasdaq exchange, Stardust Power (NASDAQ: SDST ) stock is skyrocketing. Indeed, SDST closed up by more than 140% today for seemingly no reason at all.