PHCF Stock Price Increases Over 30% Pre-Market: Why It Happened

By Amit Chowdhry ● Feb 18, 2021
  • 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.

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