Farmmi Inc.

NASDAQ: FAMI
$0.22
-$0.01 (-2.7%)
Closing price January 14, 2022
A newly public company dropped by more than 15% on its first day of trading, and a Chinese penny stock got a listing reprieve.
A big miss on revenue estimates is hammering shares of one stock that meme stock investors love to hate.
Meme stocks mostly were trading in the red Friday, with a few of the stocks posting big drops after several sessions of big gains.
Two of what might be called the original meme stocks both outperformed the overall markets on Thursday, and another stock traded more than 1 billion shares on the day.
The last day of the September quarter has been marked mostly by unconvinced traders looking for some last-minute winners.