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HUDI - Huadi: Big News Coming Or Just Another China Meme Stock?
Huadi International Group Co. Ltd.
Summary
Huadi International’s shares soared 90% on Friday despite a lack of news from the company, which hasn’t released any financial results since February.
The company could sell up to $300 million in new shares, according to a June stock exchange filing, equal to nearly half of its market value after the Friday rally.
Huadi somewhat stands apart from the meme stocks in the longer length of its rally, which predates all the others and has now lasted more than a year.