Alfi, Clover lead meme share gains, ContextLogic leads volume

Meta Materials

22/06/2021 15:47

** While several memes - stocks popular among individual
investors on social media, are trading briskly on Tuesday, Alfi
Inc  ALF.O  was the biggest gainer, last up 54.6% at $12.06
after rising as high as $12.10
    ** Shares of ALF, after closing at $2.90 in its May 4 market
debut, had soared last week after software firm announced
rollout of tablets to Uber  UBER.N  and Lyft  LYFT.O  drivers
nationwide  urn:newsml:reuters.com:*:nL2N2NY1Y7
    ** Clover Health  CLOV.O  shares up 17.7% at $13.23 after
rising as high as $13.95
    ** Other meme stocks with high trading volume going in
opposite direction with ContextLogic  WISH.O  down 1.4%,
Torchlight Energy  TRCH.O  down 4.5% after rising 58% in
Monday's session and reversing premarket gains after upsized
$250 mln equity raise  urn:newsml:reuters.com:*:nL3N2O41T5, and AMC Entertainment
 AMC.N  down 3.5%
    ** ContextLogic is the must briskly traded stock on U.S.
exchanges with 109.3 mln shares already changing hands, followed
by Torchlight, trading 77 mln shares, Clover trading 69 mln,
Alfi trading 59 mln and AMC trading 57 mln shares

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters
Messaging: sinead.carew.thomsonreuters.com@reuters.net))