Why is WLGS active in the penny stock market?

The stock WLGS, trading under the name Wang & Lee Group, has experienced significant volatility and activity in the penny stock market due to several factors:

1. **Reverse Share Split**: The company announced a 250-to-1 reverse share split, which can lead to increased share price volatility as the number of shares decreases. This can sometimes be perceived negatively by investors, leading to a drop in the stock price.
2. **Stock Consolidation**: The share consolidation could streamline the company’s share structure and update its trading system on Nasdaq, potentially impacting its market positioning and shareholder value.
3. **Speculative Trading**: The stock has experienced a 32.43% intraday surge on July 22, 2025, which may be driven by speculative trading rather than company fundamentals.
4. **Market Sentiment**: The overall market sentiment towards Wang & Lee Group remains cautious, with investors advised to be mindful of the stock's volatility.

In conclusion, WLGS's activity in the penny stock market is likely a result of a combination of factors including its reverse share split, stock consolidation, speculative trading and market sentiment. These factors have contributed to its significant price fluctuations in the recent period.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|WLGS|WLGS.O|Wang & Lee Group|20250728|-9.13|186|
|WLGS|WLGS.O|Wang & Lee Group|20250729|-36.9976|186|