Crown Electrokinetics Corp. (NASDAQ:CRKN) shares are trading higher Friday as the stock receives attention from traders on social media. Here's a look at what's going on.
The Details:
Retail traders appear to be moving to smaller-cap stocks, including Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) and Crown Electrokinetics, as the rally in GameStop and AMC Entertainment shares fizzles.
Crown Electrokinetics shares are up nearly 900% since Wednesday when the retail-driven rally reached the stock.
Crown Electrokinetics shares are one of Friday's top trending tickers on Yahoo Finance and are moving on heavy trading volume. According to data from Benzinga Pro, more than 867 million shares have already been traded in the session, compared to the stock's 100-day average of 69.088 million shares.
Crown ElectroKinetics produces and provides its "DynamicTint" technology which allows any glass surface to transition from transparent to black with applications including commercial buildings, automotive sunroofs, and residential skylights.
Related News: What's Going On With Faraday Future Intelligent Electric Stock?
How To Buy CRKN Stock:
By now you're likely curious about how to participate in the market for Crown ElectroKinetics – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Crown ElectroKinetics, which is trading at $0.41 as of publishing time, $100 would buy you 243.9 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
CRKN Price Action: According to Benzinga Pro, Crown Electrokinetics shares are up 76% at 42 cents at the time of publication Friday.
Image: Moondance from Pixabay