Valneva's 15min chart triggers MACD Golden Cross, RSI Oversold signal.

Galecto's 15min chart triggers MACD Golden Cross, RSI Oversold signal.

Galecto Inc. (NASDAQ: GLTO), a biotechnology company focusing on cancer and liver disease treatments, experienced a significant price surge on Tuesday, September 7, 2025. The stock, which closed at $3.71 on the previous day, surged to an intraday high of $25.99, representing a staggering 600% increase. This dramatic rally was fueled by a massive pre-market buying spree, with trading volumes reaching approximately 46 million shares, far above its usual daily volume of just over 2 million shares, according to a CryptoRank article https://cryptorank.io/ru/news/feed/a10bb-galecto-stock-skyrockets-600-why-tiny-float-stocks-are-markets-latest-gamble.

The surge in Galecto's stock price was primarily driven by retail investor excitement and social media chatter, particularly on platforms like Stocktwits, where sentiment shifted rapidly from bearish to bullish. The company's tiny public float of about 1.23 million shares contributed to the volatile price action, as there were not enough shares available to absorb heavy buying, the article noted. Additionally, a modest short interest of over 6% created the potential for a short squeeze, where traders betting against the stock are forced to buy back shares, further driving prices higher, the CryptoRank piece added.

The 600% rally in Galecto's stock was not accompanied by any major company news or regulatory filings. Instead, it was largely a result of speculative trading and the influence of social media on market sentiment. This highlights the high-risk, high-reward nature of tiny-float stocks, which are prone to rapid price swings due to limited liquidity and the presence of short interest, the article observed.

The surge in Galecto's stock price was also notable for triggering a MACD Golden Cross and an RSI Oversold signal on its 15-minute chart. The MACD (Moving Average Convergence Divergence) is a technical indicator that shows the relationship between two moving averages of a security's price. A Golden Cross occurs when a faster moving average crosses above a slower moving average, indicating a potential bullish trend. Meanwhile, the RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. An RSI Oversold signal occurs when the RSI value falls below 30, indicating that the stock may be undervalued and due for a price rebound .

While the 600% rally in Galecto's stock price is impressive, analysts caution that the company still faces significant financial challenges, including no revenue and a high cash burn. The rally could be short-lived, as the stock remains highly speculative and volatile. Investors are advised to stay alert and cautious, focusing on the company's fundamentals rather than being swayed by social media hype or herd mentality, the CryptoRank article warned.