Alfi shares plunge from record highs

Shares of Alfi fell as much as 30% on Wednesday after the software firm’s stock price more than doubled in the previous session.

Video transcript

[NO SPEECH]

- All right, I got to make a quick hard pivot right now to ALFI, not the beloved 80s TV sitcom, but rather this company, Brian Sozzi.

BRIAN SOZZI: Yeah it's-- it's wildly unclear what's driving this stock, not seeing any fundamental corporate news. Shares of ALFI, Inc. are down close to 30%. It's a top trending ticker right now on yahoo! finance.

But guys, like, I can't help but to think of that really strange, brown animal, ALF, in the TV show from 1986 to 1990. It was a totally ridiculous show. I remember watching this kid, eating my frozen preservative-filled pizza rolls here. It's just really taking me back, here. Congratulations to the new meme stock.

- I assume that's why it is a meme stock, but I could be wrong. He was an alien. He wasn't an animal, just to be clear.

BRIAN SOZZI: OK.

- Brian Sozzi, thanks for bringing that to our attention. On behalf of Brian, Myles, and myself, have a great day everybody.