For those of you who check these posts daily, every now and then we’ll have a company come along that continually makes headlines or major price swings that grab our attention. This is the case when it comes to this particular stock that we’ve discussed a few times already, Rideshare Rental Inc. (formally Yayo Inc.) (OTCPK:YAYO).
Rideshare is a technology-related car rental company. The company owns and maintains a fleet of new cars and provides them on a rental basis to rideshare drivers. The business is spread across the United States.
The reason for such bullish sentiment for this stock (besides making some waves last month by making headlines numerous times) is the fact that insiders just keep buying the stock. Even after the stock moved over +200% since the last time the CEO bought last month, other key insiders are betting on it appreciating even more.
Traders can’t seem to get their hands on enough shares as the stock has made new 52-week highs two days in a row including this morning’s trade. Shares hit a session high of $3.18/share (+7.9%) in early trade, which as mentioned is a strong continuation of the success this stock has had in recent months.
