LM Funding America (LMFA) Is Going To Have A Crazy Run-Up Again. Here is Why

One of the stocks that made highly impressive gains this past Friday was that of LM Funding America Inc (NASDAQ: LMFA). The stock rallied by as big as 177% on Friday on the back of significant development.

This morning, the stock has continued in the same vein in premarket trading and rallied by as much as 28% as investors continue to pile on to it. It is clear to see that the LM Funding America stock could well be the stock to watch this morning.

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It is a specialty financing company and on Friday the company announced that it was going to sponsor a SPAC (special purpose acquisition company) through one of its subsidiaries. It proved to be a major boost for the LM Funding America stock and created a lot of excitement in the markets. The company’s operations are based out of Florida but it should be noted that it has a presence in Illinois, Washington, and Colorado as well.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.