Meme stock trading volume soars

Sharplink

12/07/2021 15:40

** Many of the highest trading volume stocks in early trade on
Monday were companies in focus on social media with Mer
Telemanagement Solutions  MTSL.O  up 45.6% at $6.90 with trading
volume already at ~40 mln shrs, with stock hitting highest price
level since July 2015.
    ** Exela Technologies  XELA.O , which has been seen a
massive acceleration in trading since June 29, last up 8.2% at
$3.15
    ** SGOCO Group U.S.-listed shares  SGOC.O  last up 109.4% at
$20.50 with ~35 mln shares changing hands after a trading halt.
SGOC already rose 279.5% on Friday to close at $9.79 after
ending Thurs session at $2.58
    ** The top volume mover on U.S. exchanges so far was Virgin
Galactic  SPCE.N , down 11.2% after announcing it may sell up to
$500 mln worth of shares a day after the company completed its
first fully crewed test flight into space with billionaire
founder Richard Branson on board  urn:newsml:reuters.com:*:nL4N2OO2T4
    ** These stocks were among the most discussed on social
media investor forum Stocktwits.com
    ** Among top traded in session is Toughbuilt Industries Inc
 TBLT.O , last down  29.1% at $0.74 after it announced a
dilutive stock offering  urn:newsml:reuters.com:*:nL1N2OO11P

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