Alfi set to slip from record high, 'meme stock' Torchlight slides

Meta Materials

23/06/2021 11:57

** Software firm's shares  ALF.O  down 10.4% premarket after
surging 108% on Tuesday
    ** ALF is the latest stock to garner attention on online
trading-related discussion forums, ranking eighth on top
trending stocks on social media website Stocktwits  urn:newsml:reuters.com:*:nL3N2O51YC
    ** ALF had a market cap of ~$201 mln as of Tuesday's close
vs May 4 IPO proceeds of $15.5 mln
    ** Another meme stock, Torchlight Energy Resources Inc
 TRCH.O , down 11.4% after sinking 30% on Tuesday following an
upsized share offering
    ** Long-time retail favorites: GameStop Corp  GME.N  up
0.1%, AMC Entertainment Holdings Inc  AMC.N  down 1%

 (Reporting by Sagarika Jaisinghani in Bengaluru)
 ((sagarika.jaisinghani@thomsonreuters.com;))