CID HoldCo Inc. (NASDAQ:DAIC) shares surged 125.72% in after-hours trading Monday to $3.90.
The stock closed Monday’s regular session up 306.10% at $1.73.
CID HoldCo Inc. is a technology company operating through its subsidiaries.
Distressed Microcap, Heavy Volume
Though no immediate reason has been identified for the stock movement, DAIC is a distressed microcap facing Nasdaq delisting and loan-default risks, according to company filings made last week. Volume for the day was 102.23 million shares, compared with an average daily volume of 4.06 million shares.
