Rezolve AI's stock surged 30.4% in the pre-market session on Wednesday, adding to the previous day's 55% rally. The soaring stock price has attracted significant retail investor attention and chatter on social media platforms.
The surge in Rezolve AI's stock price appears to be driven by retail investor speculation and a potential "pump and dump" scheme, rather than any significant company announcements or fundamental developments. The company offers a retail engagement technology solution, but there has been no major news or catalysts to justify such a dramatic stock price movement.
Retail investors on platforms like Stocktwits have expressed bullish sentiment towards Rezolve AI, with some users setting targets as high as $8 per share. However, others have cautioned that the stock may be subject to manipulation or a coordinated effort to drive up the price artificially.
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