Why $XTNT stock skyrocketed on friday?

Xtant Medical Comments on Trading Activity of its Stock

XTNT announced on friday that it is not aware of any material, undisclosed corporate developments or material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its shares.

Reason of the increase on friday is likely traders in private chats pumping up shares of the stock. Social media talk seems to suggest as much. This has been a growing trend in recent months with twitter, stocktwits dedicated to pumping and dumping stocks.

it’s hard to pin down where exactly the push into CLEU stock came from. However, once news of the pump spreads to larger social media it typically creates interest in stocks as other investors jump on the bandwagon looking for profits.