NAKD Stock Price Increases Over 3% Pre-Market: Why It Happened

NAKD Stock Price Increases Over 3% Pre-Market: Why It Happened
  • The stock price of Naked Brand Group Ltd (NASDAQ: NAKD) has increased by over 3% pre-market as of 9:12 AM ET. This is why it happened.

The stock price of Naked Brand Group Ltd (NASDAQ: NAKD) has increased by over 6% pre-market as of 9:12 AM AM ET. Naked Brand Group did not have any direct news to report and there are is not any notable SEC reports filed recently so it appears there are external factors in play.


It’s worth noting that there was an uptick in discussions about NAKD on social media platforms. Over the past few months, NAKD had become associated with the “meme” stocks that are fueled by the Reddit community. 


So NAKD tends to see its stock price increase whenever other stocks fueled by the Reddit community also sees a price increase, which includes GameStop, AMC, BlackBerry, and Nokia. All of those companies are also trading higher in the pre-market today.


Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.