What's Going On With Avalon GloboCare Shares Today

The overall market ticked slightly higher in pre-market trading Monday morning, but Avalon Globocare Corp ALBT shares really took off. Avalon GloboCare is a biotech company headquartered in New Jersey.

What’s Going On?

Avalon shares soared more than 30% Monday morning on higher-than-normal volume. According to Benzinga Pro, the stock typically trades around 150,000 shares a day.

But, on Monday morning, the stock had already been traded more than one million times, less than 10 minutes into the regular session. This means there have been nearly 10 times the average volume on the stock. 

There is no specific news or event to attribute the move to, but investors and traders have clearly recognized strength in the stock. Other pre-market runners include BridgeBio Pharma Inc BBIO and Kala Pharmaceuticals KALA