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-0.00150349650349657 -0.00150349650349657 -0.0174825174825176 0.0839160839160838 0.108391608391608 0.996503496503496 0.762237762237762 0.748251748251748
Stockreport

Bitcoin-mania stock volatility shows the fallacy of 'efficient markets' [CNBC]

FUTURE FINTECH GROUP INC COMMON (FTFT)  More Company Research Source: CNBC
US:NASDAQ Investor Relations: ir.stockpr.com/ftft
PDF show chapters The extreme volatility in bitcoin or blockchain-related shares proves once again stock prices are not always efficient, but can be driven by human emotion instead of rational analysis. Several small stocks captured the speculative imagination of traders this week. Future FinTech soared as much as 200 percent intraday Tuesday as some speculated the company is moving into crypto-related business, even though there is no evidence it was real. Longfin surged 1,342 percent in two days through Monday to a market value of more than $3 billion after buying a cryptocurrency company with no revenue. The rally spurred the company's CEO to say this market cap is not justified. Perhaps most eye-popping of all, Long Island Iced Tea shares rose 183 percent Thursday after it announced it is changing its name to Long Blockchain Corp. The company said it will focus on investing in the technology behind bitcoin. These volatile moves are like [Read more]

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