Kidpik Corp surges again, retail interest soars

Kidpik

12/01/2022 18:35

** Shares of online clothing subscription-based e-commerce
co Kidpik  PIK.O  jump 16.2% to $7.03
    ** PIK is the second-most trending stock on
investor-focussed social media Stocktwits.com, with message vols
up 3956%
    ** More than 23 mln shares of PIK traded by 01:14 p.m. ET -
nearly 22 times their 25 DMA
    ** Co extends Tuesday's gains of 27.4% and is among the top
25 movers on Nasdaq by volume
    ** Kidpik was also among the top orders by retail customers,
according to Fidelity Research
    ** PIK has been doing rounds on Reddit, the social media
that became central to "meme stocks" phenomenon of 2021, with
some users pointing to a tweet https://www.reddit.com/user/Ok-Philosopher-595/comments/s1zw0t/breaking_down_the_pik_pump_and_upcoming_dump
 saying it has a low float for the reason behind the retail
attention
    ** Stock has fallen ~30% since its debut in November

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;))