FIRY is trading at $9.09 (7.6% down) in pre-market, giving back a portion of yesterday’s sharp 17.7% gain.
- The recent rally followed a major legal victory where a U.S. court ordered Papaya Gaming to pay $719 million to FIRY subsidiary Skillz Platform Inc. in a false advertising case.
- Pre-market weakness likely reflects investor profit-taking and a reassessment of the durability and collectability of the massive judgment after the initial surge.