Sometimes stocks move for reasons. Other times, they just... move. Mike Lindell Media Corp. (MLMC) falls squarely in the latter category right now.
The Wyoming-based media company, owned by MyPillow inventor and vocal Trump supporter Mike Lindell, has been experiencing significant volatility lately without any obvious trigger. No major announcements, no fundamental shifts, just pure price action doing its thing.
Lindell's media empire primarily consists of FrankSpeech, a video streaming platform positioning itself as censorship-free and free-speech-focused, along with Vocl, an alternative social media platform. Both cater largely to President Donald Trump's supporter base and their concerns, operating in similar territory as platforms like Gab and Parler.
When Momentum Scores Tell a Story
Here's where things get interesting from a technical perspective. Momentum scores measure price movements and volatility across multiple timeframes, then rank stocks as percentiles against the broader market. When a stock's momentum score surges, it typically signals significant volatility or strength, usually following some fundamental news or catalyst.
Except this time, there wasn't one.
The Numbers Behind the Noise
Mike Lindell Media Corp. has seen its momentum score explode from 26.92 to 85.42 within just one week. That's a massive jump by any measure, driven by the stock's volatile streak over recent trading sessions.
But here's the peculiar part: the actual price movement doesn't match the drama. Despite all this volatility, the stock is up only about 5.63% over the past five sessions. The trading has been choppy rather than decisive, creating plenty of whiplash for anyone trying to follow along.
Zoom out a bit, and the volatility becomes even more apparent. The stock is currently down 37.60% year-to-date, yet somehow up 51% over the past six months. That kind of swing perfectly illustrates the level of volatility this stock routinely experiences.
The stock shows favorable price trends across short, medium, and long-term timeframes in market rankings, suggesting there might be more to watch as this momentum plays out.