: Meme stock Top Financial Group plunges 39.4% on heavy trading volume


Shares of meme stock TOP Financial Group Ltd. TOP fell 39.4% Friday amid heavy trading volume. The Hong Kong-based trading firm joined the list of meme stocks last week when its shares skyrocketed more than 890%, spurred on by the WallStreetBets crowd on Reddit. In the last five days, Top Financial’s shares have pulled back 90.4%.The stock saw trading volume of just under 12.7 million shares Friday, well above its average 65-day trading volume of 1.26 million shares. Small-cap Chinese stocks have been attracting plenty of meme-like attention recently. Shares of Baosheng Media Group Holdings Ltd. BAOS, rose 38.4% Friday…

This article was originally published by Marketwatch.com. Read the original article here.

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