Rezolve AI (RZLV) stock plunged 6.40% in pre-market trading on Thursday, following a volatile week fueled by intense retail investor interest in the AI technology company.
The stock had surged over 55% on Tuesday and an additional 27% in pre-market trading on Wednesday, driven by significant chatter and buying activity on social media platforms like Stocktwits. However, the euphoria was short-lived, as the stock experienced a sharp 5.07% sell-off in the after-hours trading session on Wednesday.
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 pre-market plunge on Thursday could be a continuation of the sell-off as the retail frenzy cools off and the initial wave of buying pressure subsides.
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