Starry Group stock jumps 40% after hitting new all-time low in prior session
Broadband provider Starry Group (NYSE:STRY) stock rallied nearly 40% on Tuesday as it struggles to regain ground after crashing in October on news that the company was slashing its workforce and looking for a buyer.
Shares of Starry opened at $0.20, recently changing hands at $0.19 at approximately 11:30 a.m. ET. The company didn't appear to release any news or make any SEC filings on Tuesday. The stock hit an all-time low of $0.12 per share on Monday.
Starry went public on March 29 through a merger with SPAC FirstMark Horizon. The stock reached an all-time high of $10.90 on June 3, but has been trending steadily downward since.
On Nov. 14, Starry was notified by NYSE that it had six months to bring its stock price up above $1 to remain in compliance.