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Barchart
Barchart
Aditya Raghunath

Up 121% Since May, What's Behind the Surge in this Penny Stock?

BuzzFeed Vivek Ramaswamy Jonah Peretti

Valued at $99.9 million by market cap, BuzzFeed (BZFD) is a media company that has burnt massive shareholder wealth since its initial public offering (IPO) in March 2021. Down more than 95% from all-time highs, BuzzFeed is a penny stock priced below $3 per share. 

However, shares of the company are currently up 179% in 2024, and have rallied 121% since the start of May. 

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