Polished.com stock surges 600%, and the company doesn’t know why

an online retailer of home appliances, said it isn’t aware of any undisclosed material change or development in its business and operations that would account for the recent increase in its stock price and volume.

“In view of the unusual market activity in the Company’s stock, the New York Stock Exchange contacted the Company in accordance with the NYSE’s usual practice,” the company said.

Shares surged to $7.61 in the regular session Wednesday, up from Tuesday’s close of $1.06. Volume was 130.8 million shares, compared with a 65-day average of 2.1 million.

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