Why duo is up today

Fangdd Network (DUO) stock experienced a significant increase of 9.01% today. This rise can be attributed to several factors:

1. **Meme Stock Rally**: DUO is part of the meme stock rally, which has seen massive movements in shares without any news to report. The return of Roaring Kitty, the individual who started the 2021 meme stock rally, has contributed to the volatility in DUO's stock.
2. **Potential Delisting Risk**: DUO is a penny stock that is at risk of being delisted if it fails to maintain a minimum bid price. This deadline is approaching on June 10, 2024, which adds to the stock's volatility.
3. **Trading Volume**: The trading volume for DUO has been high, with more than 19.6 million shares changing hands today, which is significantly higher than the daily average. This increased trading volume can drive up the stock price.
4. **Market Sentiment**: The overall market sentiment towards DUO appears to be positive, as indicated by the stock's rise despite the lack of company news.

In conclusion, the increase in DUO's stock price today can be attributed to a combination of factors including the meme stock rally, the potential delisting risk, high trading volume, and positive market sentiment.