The NextDecade Corp (NASDAQ:NEXT) stock has been one of the major movers over the course of the past week and during the period, it has gone up by as much as 150%.
The rally in the stock continued on Tuesday as it skyrocketed by as much as 56% during the early period of trading following a bullish report from Sean Morgan, an analyst at Evercore ISI. Morgan sent out a highly bullish research note regarding the LNG company and set the price target threefold higher than the previous one.
It has no surprise that such a call resulted in a massive surge of interest in the NextDecade stock. The trading volumes soared considerably and soared to as many as 42.4 million shares. It should be noted that the average daily trading volume in the stock is only 1.3 million shares. In light of these developments, this is a stock that could be tracked by investors this week.