Fitness Champs Holdings (FCHL) Stock Surges Over 44% After Hours Amid Pump-And-Dump Fraud Allegations
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Fitness Champs Holdings Ltd. (FCHL) shares surged 44.36% to $1.92 in after-hours trading, following a 16.35% drop to $1.33 during regular hours. This spike occurs amid a class action lawsuit alleging FCHL was involved in a pump-and-dump scheme, where stock prices were artificially inflated. The stock has seen a 99.93% decline over the past year and currently has a high short interest of 97.8%, indicating bearish sentiment. The Relative Strength Index (RSI) is at 28.82, suggesting continued pressure and risk for investors.
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