Shares of Selina Hospitality (NASDAQ:SLNA) surged to a high of almost 80% in today’s trading session. Its stock price has had a wild ride since going public through a SPAC merger back in October. During the past few weeks, shares have seen a trading range between $3.52 to $49.49 per share.
Today’s move doesn’t appear to have been caused by any news and instead seems like a continuation of the volatility. As a result, shares have retreated and are now up only 13% at the time of this writing.
