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Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Why Shares of Magic Global Empire Limited Continue to Trade With Volatility

Bram Berkowitz, The Motley Fool
·1 min read

Shares of the Hong Kong-based investment bank Magic Empire Global Limited (NASDAQ: MEGL) traded as much as 25% higher in pre-market trading today before giving up most of those gains as the wild trading volatility on the stock continued. Since going public last Friday, Magic Empire has been on a wild ride. Magic Empire is a fairly small company and only sold about 5 million shares in its initial public offering (IPO) for a total amount of $20 million.

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