: Meme stock TOP Financial Group soars 240% premarket amid speculation of massive short covering to come

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The stock of TOP Financial Group Ltd., a Hong Kong-based broker that went public last year, soared more than 890% Friday to a fresh record high with no apparent news to drive the move.

Volume of 5.5 million shares traded by early afternoon far exceeded the average daily volume of 872,000 over the last 65 days. The stock TOP was halted for volatility multiple times during the session.

The…

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

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