Carole Baskin, Netflix̵7;s “Tiger King” star, appears to be an influencer, even though it is a matter of penny stocks.
Zomedica, lesser known for Michigan’s animal and pet health, has risen nearly 250% since it was mentioned by Netflix’s “Tiger King” star Carole Baskin last week. In a video reposted to YouTube, Baskin presented a compelling review for the company saying, “I don’t know if you guys have heard of Zomedica, but they helped our veterinarian and furry friend.” Then “definitely invest To find out more “about the company
But Yahoo Finance has confirmed that what appears to be an endorsement from Baskin is nothing more than a request from someone on Cameo, a platform where users can pay for video messages.
“It’s the Cameo they paid for,” Baskin told Yahoo Finance. “I don’t hold any shares in the company and make no stock recommendations.”
Confirmed: Carole Baskin told me her Zomedica mentioned that it could result in a 230% increase in the penny stock coming from a $ 299 Cameo request.
“It’s the Cameo they paid me, don’t hold any shares in the company, nor make any share advice.” Https://t.co/6t4vRujGBl
– Zack Guzman (@zGuz) January 12, 2021
Zomedica (ZOM) did not immediately respond to Yahoo Finance’s request for comment to be sure the Cameo request came from the company or from someone within the company. It is also possible that the request could come from an outside investor looking to spark a response. The share price hike to $ 0.40 last week, the Michigan-based Ann Arbor, which went public in 2016, has yet to receive any revenue, according to a financial statement highlighted by Yahoo Finance’s Myles Udland.
Penny stocks are also one of the most traded stocks by volume on the popular retail investor platform Robinhood, according to analysis firm Breakout Point.It’s not uncommon to see penny stocks like Zomedica appear on the tick list. As pointed out by Themis Trading’s Joseph Saluzzi, it is very difficult to see those stocks share the same overall market volume on Monday. Zomedica shares are ready. With the other five stocks trading under $ 1, 18% of the marketplace.
A video request from Baskin on Cameo currently costs $ 299 due to the number of requests for payment messages the Netflix star receives.Baskin said she can’t remember who ordered the message asking her to endorse the launch of the Zomedica test platform for. An upcoming disorder in dogs and cats. In Baskin’s video, she echoed, “They think they’re really big sellers.”
“It will be a good thing. I felt it in my cat’s bones, ”Baskin said, before asking viewers to give it a try.
After Zomedica jumped 40 percent in trading on Tuesday, Baskin expressed her suspicion that she alone might have influenced the excitement.
“I find it difficult to believe that my Cameo will affect anyone’s stock,” she said.
However, in a sign that speculation may have reached a tipping point, that won’t be the first example of investor enthusiasm going wrong this week – and it’s Tuesday. On Monday, shares in lesser-known healthcare technology company Signal Advance plunged 50 percent after it became clear that investors made a mistake in the stock after a tweet last week from Tesla CEO Elon Musk. Musk tweeted about an encrypted messaging service called Signal in a tweet on Friday simply saying “use signal” that led to a nearly 400 percent gain on Signal Advance’s next trading day.
Whether Baskin’s shout will result in an ongoing rally or a reversal in Zomedica shares, it remains to be seen.
Zack Guzman is the anchor for Yahoo Finance Live and is a senior writer covering cannabis entrepreneurship, startups and breaking news at Yahoo Finance.Follow him on Twitter. @zGuz.
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