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Wookaka
2021-06-23

Sell

Alfi Inc shares set to fall from record highs, 'meme stock' Torchlight sinks

June 23 (Reuters) - Shares of software firm Alfi Inc fell 10% in early deals on Wednesday after more

Alfi Inc shares set to fall from record highs, 'meme stock' Torchlight sinks

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Its shares were down 0.3% after jumping 10% in the previous session.</p>\n<p>AMC shares slid 0.8%, while other meme stocks Clover Health Investments Corp , ContextLogic Inc and Petco Health and Wellness Co rose between 0.4% and 2.4%.</p>\n<p>(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Shounak Dasgupta)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alfi Inc shares set to fall from record highs, 'meme stock' Torchlight sinks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Its shares were down 0.3% after jumping 10% in the previous session.</p>\n<p>AMC shares slid 0.8%, while other meme stocks Clover Health Investments Corp , ContextLogic Inc and Petco Health and Wellness Co rose between 0.4% and 2.4%.</p>\n<p>(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Shounak Dasgupta)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MMAT":"Meta Materials Inc.","WOOF":"Petco Health and Wellness Company, Inc.","CLOV":"Clover Health Corp"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145509616","content_text":"June 23 (Reuters) - Shares of software firm Alfi Inc fell 10% in early deals on Wednesday after more than doubling in value in the previous session, in a move evocative of the so-called \"meme stock\" frenzy that has gripped equity markets this year.\nAlfi's stock was trading at around $14.65 per share by 5:26 a.m. ET after ending Tuesday's session at a record high of $16.29, and was again among the most heavily traded stocks before the bell.\nSome social media users and one portfolio manager on Tuesday cited a Benzinga.com report that Alfi planned to buy back stock as helping to fuel the rally.\nShares of a group of heavily shorted companies including video game retailer GameStop Corp and cinema operator AMC Entertainment Holdings Inc have seen wild swings this year in a phenomenon dubbed the \"meme stock\" rally that has been driven by small-time traders on online discussion forums.\nAlthough short interest in Alfi last stood at 3.85% of free float, according to Refinitiv data, the company was among the top 10 trending stocks on trading-focused social media site Stocktwits, a platform commonly seen as a measure of interest from retail investors.\nAnother retail darling, Torchlight Energy Resources Inc\n, sank 10% in premarket trading, extending a 30% slide in the previous session after it upsized its stock offering to $250 million.\nGameStop has also cashed in on the Reddit-driven rally in its stock, saying on Tuesday it had raised $1.13 billion in its latest share offering. Its shares were down 0.3% after jumping 10% in the previous session.\nAMC shares slid 0.8%, while other meme stocks Clover Health Investments Corp , ContextLogic Inc and Petco Health and Wellness Co rose between 0.4% and 2.4%.\n(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Shounak Dasgupta)","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}