Should You Add Meta Materials Inc (NASDAQ: MMAT), Alfi Inc Stocks In Your Portfolio? Exit GameStop Corp Stock: Bearish Trend For Clover Health Investments Corp Stock

Meta Materials Inc (NASDAQ: MMAT) stock closed at $7.49 on Jun 30, 2021. It gained 6.54%. The stock lost 24.01% in the past week.

Meta Materials has merged with Torchlight Energy Resources (NASDAQ:TRCH), an oil and gas exploration and production company, on June 28, 2021.

Following the merger, the name of Torchlight is changed to Meta Materials Inc. Its stock will trade under the ticker – MMAT on NASDAQ.

Meta Materials develops nanocomposites and high-performance functional materials.

Meta Materials shareholders will hold a stake of 75% in the merged entity, and Torchlight shareholders will own the balance of 25%.

Plano, Texas-based Torchlight acquires and develops domestic oil fields. Its interests are located in Texas.

Now, investors can add a combined company stock for handsome gains.

GameStop Corp (NYSE: GME) stock trades at $214.14

GameStop Corp (NYSE: GME) stock closed at $214.14 (1.62%) on June 30, 2021. Its trend is bearish. Investors can exit this stock at current levels. Support for this stock is at $213. If it breaks this support, the stock can drop to $210.

GameStop closed ATM offering (“at-the-market” equity offering program) on June 22, 2021. It sold 5 million shares and netted $1.126 billion.

The company will use the proceeds of this deal for investing high growth businesses and general corporate purposes besides strengthening its balance sheet.

Grapevine, Texas-based GameStop engages in the retail of entertainment and games products.

Strengthens board by inducing Matt Furlong 

GameStop is pleased to induct Matt Furlong on its director board on June 21, 2021. After the appointment of Matt, George Sherman retired from the GameStop board.

Clover Health Investments Corp (NASDAQ: CLOV) stock trades at $13.32

Clover Health Investments Corp (NASDAQ: CLOV) stock closed at $13.32 (down 0.30%) on June 30, 2021. The stock pared 11.08% in the past week. Its trend is bearish.

Alfi Inc (NASDAQ: ALF) stock trades at $14.72

Alfi Inc (NASDAQ: ALF) stock closed at $14.72, losing 7.42% on June 30, 2021. The stock gained 24.22% in the past week.

It also hogged the limelight on June 23, 2021, losing 20% to $12.32. However, Alfi surged to $16.29 on a buzz that the company will buy back shares worth $2 million. Alfi has confirmed the news on Wednesday.

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