RTTNews | Sep 7, 2021 10:19AM EDT

10:19 Tuesday, September 7, 2021 (RTTNews.com) - IronNet, Inc. (IRNT) shares are spiking on Tuesday morning trade, continuing a bullish trend since September 2, after the company had merged with LGL Systems Acquisition Corp by August end. Today in premarket, the stock went up as high as 124 percent.

The stock has been on a live discussion topic on Reddit and this could be considered a meme stock.

There were no specific corporate announcements on the day to impact the stock movement. Currently, shares are trading at $24.60, up 48.26 percent from the previous close of $16.66 on a volume of 7,752,056. For the 52-week period, the shares have traded in a range of $9.36-$29.46 on average volume of 467,878.

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