Cuentas surges over 200%, fueled by social media interest

Cuentas

30/06/2021 15:15

** Shares of Cuentas  CUEN.O  up 171.2% at $7.54 on Weds as
mobile banking services firm draws interest on social media
    ** CUEN rises to as high as $9.25, highest since Aug 17
2020, and is top pct performer on Nasdaq  .IXIC 
    ** CUEN among the top 10 trending stocks on Stocktwits https://stocktwits.com/rankings
    ** Co, which targets underbanked and un-banked Hispanic and
Latino population, said early Weds it signed contract to rollout
WaveMax's WiFi (SharedFi) in 170 test locations in NYC-Tristate
area  urn:newsml:reuters.com:*:nPnb0H1Mxa
    ** About 75 mln CUEN shares have traded by 1015 EDT vs
stock's 30-DMA volume of ~187k, per Refinitiv data
    ** CUEN has 13.8 mln shares outstanding and ~4.85 mln of
free float (Refinitiv)
    ** Stock had lost about 60% YTD through Tues close

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))