LivePerson, Inc. (LPSN) is experiencing a notable surge in its stock price, driven by heightened interest and discussions among retail investors on platforms like Reddit. A significant number of users are expressing optimism about the stock's potential, with some predicting a rise to $5, despite the company's current financial challenges. One user highlighted the recent changes in the company's board and CTO as a potential catalyst for a turnaround, stating, "These guys are experienced people in helping the company’s financials. They only have one job now and that is to prove their worth to turn the company’s debt situation around." Additionally, the posting of 28 new job positions over the past three weeks is being viewed as a positive indicator of growth, suggesting that the company is not cutting back despite its financial hurdles.
The stock's current price is $1.68, reflecting a 10.53% increase from the previous close of $1.52. The trading volume has also seen a significant spike, with 48,167,397 shares traded compared to the average volume of 2,830,229.