Alfi leads meme share gains, ContextLogic leads volume (updated)

Meta Materials

22/06/2021 20:56

(Updates prices)
** While the top five volume trades on U.S. exchanges were memes
stocks popular among individual investors on social media, Alfi
Inc  ALF.O  was the biggest percentage gainer of the group, last
up 102.2% at $15.77 after rising as high as $16.30
    ** 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 ALF market cap was around $196 mln on
Tuesday vs IPO proceeds of $15.5 mln  
    ** Clover Health  CLOV.O  shares up 13.7% at $12.78 after
rising as high as $13.95
    ** Other meme stocks with high trading volume were
ContextLogic  WISH.O  down 0.6%, Torchlight Energy  TRCH.O  down
27.7% after rising 58% in Monday's session and reversing
premarket gains after upsized $250 mln equity raise  urn:newsml:reuters.com:*:nL3N2O41T5
    ** Cinema operator AMC Entertainment  AMC.N  was up 4.1%
    ** ContextLogic is the must briskly traded stock on U.S.
exchanges with 225 mln shares changing hands, closely followed
by Alfi trading 205 mln, Torchlight trading 206 mln shares and
AMC trading 160 mln shares the next most active

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