ABLV shares surge 34.87% intraday as cybersecurity sector gains momentum from Chainguard’s $636M funding and Smishing campaign concerns.

Able View Global surged 34.87% intraday as cybersecurity sector dynamics intensified, driven by Chainguard’s $636M supply chain security funding and global Smishing campaign alerts. The stock’s rally, despite a broader sector mixed performance (e.g., Honeywell down 0.89%), reflects speculative demand fueled by its low float and high volatility. Analysts attribute the move to heightened investor focus on cybersecurity risks, with ABLV acting as a proxy for sector-wide tailwinds. Technical indicators and elevated trading volume (129% surge) further underscore the momentum, though divergences with established sector leaders highlight the speculative nature of the move.