Bitcoin-mania stock volatility shows the fallacy of 'efficient markets' [CNBC]
Future FinTech Group Inc. (FTFT)
US:NASDAQ Investor Relations:
ir.stockpr.com/ftft
Company Research
Source: CNBC
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
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News
- Future FinTech Enters into Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio [Yahoo! Finance]Yahoo! Finance
- Future FinTech Enters into Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, OhioPR Newswire
- DEADLINE ALERT for MBLY, FTFT, BIVI, and BTI: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of ShareholdersGlobeNewswire
- FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Future FinTech Group Inc. with Losses of $100,000 to Contact the FirmAccesswire
- FUTURE FINTECH DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Future FinTech Group Inc. and Encourages Investors to Contact the FirmGlobeNewswire
FTFT
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form 10-K
- 4/5/24 - Form 4
- FTFT's page on the SEC website