Singapore Markets closed
  • Straits Times Index

    3,130.24
    +15.16 (+0.49%)
     
  • Nikkei

    25,937.21
    -484.84 (-1.83%)
     
  • Hang Seng

    17,222.83
    +56.96 (+0.33%)
     
  • FTSE 100

    6,893.81
    +12.22 (+0.18%)
     
  • BTC-USD

    19,403.14
    -56.79 (-0.29%)
     
  • CMC Crypto 200

    443.49
    +0.06 (+0.01%)
     
  • S&P 500

    3,585.62
    -54.85 (-1.51%)
     
  • Dow

    28,725.51
    -500.10 (-1.71%)
     
  • Nasdaq

    10,575.62
    -161.89 (-1.51%)
     
  • Gold

    1,668.30
    -0.30 (-0.02%)
     
  • Crude Oil

    79.74
    -1.49 (-1.83%)
     
  • 10-Yr Bond

    3.8040
    +0.0570 (+1.52%)
     
  • FTSE Bursa Malaysia

    1,394.63
    -2.87 (-0.21%)
     
  • Jakarta Composite Index

    7,040.80
    +4.60 (+0.07%)
     
  • PSE Index

    5,741.07
    -193.18 (-3.26%)
     

Alfi shares plunge from record highs

Shares of Alfi fell as much as 30% on Wednesday after the software firm’s stock price more than doubled in the previous session.

Video transcript

[NO SPEECH]

- All right, I got to make a quick hard pivot right now to ALFI, not the beloved 80s TV sitcom, but rather this company, Brian Sozzi.

BRIAN SOZZI: Yeah it's-- it's wildly unclear what's driving this stock, not seeing any fundamental corporate news. Shares of ALFI, Inc. are down close to 30%. It's a top trending ticker right now on yahoo! finance.

But guys, like, I can't help but to think of that really strange, brown animal, ALF, in the TV show from 1986 to 1990. It was a totally ridiculous show. I remember watching this kid, eating my frozen preservative-filled pizza rolls here. It's just really taking me back, here. Congratulations to the new meme stock.

- I assume that's why it is a meme stock, but I could be wrong. He was an alien. He wasn't an animal, just to be clear.

BRIAN SOZZI: OK.

- Brian Sozzi, thanks for bringing that to our attention. On behalf of Brian, Myles, and myself, have a great day everybody.