Linkage Global stock swings after $8 million buyback; traders weigh next steps
Linkage Global Inc was pointed lower again Friday, with UZX changing hands near $0.71 before the bell. The Nasdaq name saw a sharp jump and then gave back those gains this week after the company announced an $8 million share buyback. Robinhood data had shares at $0.71 on May 29, trading in a $0.57 to $0.83 band on volume of almost 5 million shares. Linkage is a tiny company and the buyback is big compared to its market cap, which is why it matters now. UZX finished Thursday at $0.81, off 3.01%, after jumping 72.65% on Tuesday and 8.43% on Wednesday, StockAnalysis data show. The stock traded more like a volatile microcap on news than a typical e-commerce stock over