Orphazyme jumps 12%; other retail darlings mixed

Meta Materials

24/06/2021 11:56

** U.S.-listed shares in Danish biotech company Orphazyme
 ORPH.O  jump 11.6% premarket after surging ~25% on Wednesday
    ** ORPH among top traded stocks with > 1 mln shares changing
hands by 6:50 a.m. ET
    ** ORPH, one of the "meme stocks" that have garnered the
attention of small-time traders on social media, has seen sharp
swings in its share prices this month, jumping ~300% on June 10
before sinking ~50% a week later  urn:newsml:reuters.com:*:nL2N2O00CG
    ** Company said early on Wednesday Goldman Sachs had cut its
stake in ORPH to less than 5%  urn:newsml:reuters.com:*:nL2N2O51O1
    ** On Thursday morning, message volume related to ORPH fell
15% on Stocktwits, a trading-focused platform commonly seen as a
measure of interest from retail investors
    ** Other meme stocks: Clover Heath Investments Inc  CLOV.O 
up 4.5%, Workhorse Group  WKHS.O  up 2.1%, AMC Entertainment
Holdings Inc  AMC.N  about flat, Alfi Inc  ALF.O  down 2.7%,
Torchlight Energy  TRCH.O  off 0.2%

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