Meme stocks Farmmi, Progenity surge, Paltalk wilts

Farmmi

04/10/2021 16:31

** Meme stocks surge in Monday's session - China's mushroom
supplier Farmmi Inc  FAMI.O  rises 8% to 38 cents, while medical
diagnostics co Progenity  PROG.O  jumps 9% to $1.94 after
doubling in value over the past 3 sessions
    ** FAMI, with a market value of $100 mln as of Friday's
close, saw 1.3 bln shares changing hands in its busiest session
on record on Friday
    ** A subreddit r/FARMMI on Reddit with about 900 members is
dedicated to discussions related to the stock
    ** Open interest in PROG call options expiring Oct. 15 were
nearly 10 times of puts, a bullish trend - data from Options
Clearing Corp showed
    ** A call option conveys the right to purchase shares at a
fixed price up to a certain date, while a put option grants the
right to sell shares at a fixed price any time until expiration
    ** On the other hand, communications software company
Paltalk Inc  PALT.O  drops 10% to $9.02, falling for the second
day after 200% surge in September
    ** AMC  AMC.N  shares slip 1%, giving up its early gains
after news the cinema chain saw nearly 4 mln movie goers over
the weekend - a post-pandemic record  urn:newsml:reuters.com:*:nL4N2R0253

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))