BUZZ-Beneficient's social media-fueled rally loses steam ahead of earnings
Reuters · 07/08 10:42
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** Alternative asset specialist Beneficient's BENF.O shares drop ~15% before the bell
** Retail investors pushed stock up over 125% on Friday, days after BENF disclosed the Securities and Exchange Commission had concluded a longstanding investigation into the company
** Co is expected to release its fourth quarter and full-year results before market open on Tuesday
** Messages related to BENF continue to have an "extremely bullish" sentiment on retail-focused social media Stocktwits.com
** Stock had plummeted 87.6% YTD as of last close
(Reporting by Niket Nishant in Bengaluru)
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