- The stock price of Puhui Wealth Investment Management Co Ltd (NASDAQ: PHCF) is trading at over 30% pre-market as of 5:50 AM ET. This is why it happened.
The stock price of Puhui Wealth Investment Management Co Ltd (NASDAQ: PHCF) — a company that markets financial products, such as private equity funds, securities investment funds, and private placement bond products to high-net-worth individuals and small and medium enterprises in China — is trading at over 30% pre-market as of 5:50 AM ET. There is no specific news or new SEC reports filed from the company so it appears that there are external factors at play.
However, there appears to be a coordinated short squeeze by day traders on social media as there appears to be an uptick in discussions about PHCF on platforms like Reddit, Twitter, StockTwits, Discord, Facebook Groups, etc.
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