ALF Stock Price Increases Over 53%: Why It Happened

By Amit Chowdhry ● June 22, 2021
  • The stock price of Alfi Inc (NASDAQ: ALF) increased by over 53% during intraday trading this morning. This is why it happened.

The stock price of Alfi Inc (NASDAQ: ALF) increased by over 53% during intraday trading this morning. Investors appear to be responding positively to an interview with Alfi founder and CEO Paul Pereira on Benzinga.

“We have a strong balance sheet to execute our strategy and to create shareholder value,” said Pereira in a statement via Benzinga. “We’ve been given a big bat, and we’re swinging for the fences with the goal of hitting a home run.”

Pereira also told Benzinga that the company will be buying back $2 million in stock: 

 

Last week, Alfi announced that it has entered into an agreement with All-Niter for the fulfillment, staging, and shipment of the first 10,000 digital tablets to Uber and Lyft drivers nationwide.

By utilizing Alfi’s technology, rideshare drivers can earn extra income while they drive their customers around. And Alfi optimizes its network of digital tablets to deliver powerful reach, dynamic visuals, and tailored message capability based on age, gender, geography, demographics, brand behavior, and interests in real-time.

Alfi’s computer vision technology is able to change and run ads remotely to deliver the right content, to the right person, at the right time in a responsible and privacy-compliant manner.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.