Meta Materials (MMAT) Stock Is Up 50%: What's Going On?
Portfolio Pulse from Henry Khederian
Meta Materials Inc (NASDAQ:MMAT) shares surged by 52.6% to $3.51 after the company announced an update on its investigation into potential naked short selling. The investigation, conducted by law firms Christian Attar and Warshaw Burstein, confirmed valid claims of market manipulation. Legal proceedings are expected to follow, and updates will be provided as more information becomes available.
May 21, 2024 | 2:08 pm
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Meta Materials Inc (NASDAQ:MMAT) shares surged by 52.6% to $3.51 following the company's announcement of valid claims of market manipulation. Legal proceedings are expected, which could further impact the stock price.
The confirmation of valid claims of market manipulation and the subsequent legal proceedings are significant developments for Meta Materials. This news has already caused a substantial increase in the stock price, and further legal actions could continue to impact the stock positively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100