August 18, 2022 7:35 a.m. EDT
(24/7 MARKET NEWS) – We love a good meme play and Mind Medicine (NASDAQ: MNMD) is shaping up to be one of the most unique twists to date.
The clinical stage biopharmaceutical company that’s developing novel products to treat brain health disorders, is heating up in this morning’s premarket, trading at $1.07, up $0.321 (+42.86%), on 3.09 million shares.
The move is being powered by reports that Jake Freeman, a USC student who, according to Securities and Exchange Commission filings, booked $110 million in profits from recent meme-stock favorite, Bed Bath & Beyond, recently built up an activist stake in Mind Medicine.
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