Friday is delivering absolute peak penny-stock theater. Quantum Cyber ($QUCY)—a $33M clinical-stage pharmaceutical firm—just announced they are hiring investment bankers to buy a stake in SpaceX. Naturally, retail is buying this corporate daydream up 21%. Out of 4,898 historical gap-ups triggered by hype PRs like this, the stock fades to red 62% of the time before the close.
Flip side: GD Culture Group ($GDC) is dropping 23% after executing a massive 1-for-250 reverse stock split.
Close the trading terminal and enjoy your Friday afternoon.