— Why it moved
Why GP Stock Spiked Today — November 12, 2026
GreenPower Motor traded over 128 million shares without issuing a single press release or regulatory filing.
What moved GP stock
GreenPower Motor Company manufactures zero-emission electric buses and commercial vehicles. There was no real news — pure momentum drove this move. Speculators simply piled into a battered penny stock attempting to push past the dollar mark.
The mechanics
A 1-for-5 reverse stock split in October left the tradable float at just 854,034 shares. With a market cap well below a million dollars, trading 128 million shares created explosive, unanchored volatility.
GP by the numbers
The alert window
The alert came at 11:28 AM ET at 0.9573. Anyone following it had to endure an 18.5% drop down to 0.78 before the squeeze materialized. The move topped out at 1.8 in afterhours at 4:04 PM ET, giving an 88.0% peak window over 276 minutes.
How GP's move ended
The session finished at 1.23, holding 28.5% above the alert price. The push got shares back over the one-dollar threshold for Nasdaq compliance, but persistent dilution risks make holding this overnight a dangerous game.
The tell: When daily volume exceeds the floating share count by more than a hundred times on zero news, treat every pop as pure exit liquidity.