Rezolve AI, a U.K.-based AI technology company, witnessed a 5.07% plunge in its stock price over the past 24 hours during the after-hours trading session on Wednesday. This comes after the stock had surged over 55% on Tuesday and an additional 27% in pre-market trading on Wednesday, driven by a retail investor frenzy.
The sudden surge in Rezolve AI's stock price was fueled by significant retail attention and chatter on social media platforms like Stocktwits. However, as the euphoria faded, the stock experienced a sharp sell-off in the after-hours trading session.
While Rezolve AI has announced several partnerships and initiatives related to its AI solutions, there appears to be no specific catalyst driving the recent price movements. Market participants speculate that the stock was being "pumped" by retail traders, leading to the temporary surge and subsequent plunge.
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