Why Is ARB IOT (ARBB) Stock Up 230% Today?

Group 1 - ARB IOT (NASDAQ:ARBB) stock is experiencing significant gains, rising 230% as of Tuesday morning, alongside heavy trading activity [1][2] - ARB BERHAD holds a 28.38% stake in ARB IOT, amounting to 7,503,858 shares out of a total of 26,437,500 outstanding shares [1] - The SEC filing indicates that ARB BERHAD has granted full power of attorney to Dato' Sri Liew Kok Leong, the chairman and CEO of ARB BERHAD [1] Group 2 - More than 7.4 million shares of ARBB stock have been traded today, significantly exceeding the average daily trading volume of approximately 1.7 million shares [2] - The nature of ARBB as a penny stock means it can experience rapid price fluctuations based on minimal news [2]