Above Food Stock Becomes Top Trending Ticker On Stocktwits, Draws Massive Retail Interest After Breaking Out Above $5-Mark In October

Above Food Ingredients (ABVE) became one of the top trending tickers on Stocktwits after its shares jumped nearly 9% before the bell, drawing significant retail interest. 

The stock has garnered investor attention after breaking out above the $5 mark in early October for the first time in over a year. The retail user message count on the stock has increased by 45% in the last 24 hours on Stocktwits. Retail sentiment remained unchanged in the ‘bullish’ territory compared to a day ago, with message volumes at ‘high’ levels, according to data from Stocktwits.

Above Food is currently undergoing a merger with Palm Global. In July, the company announced that it had executed a definitive business combination agreement with Palm Global through a statutory plan of arrangement in its domestic jurisdiction.

The proposed transaction has received unanimous approval from the boards of directors of both Above Food and Palm Global. The reverse takeover merger is poised to transform Above Food by adding Palm Global’s 30% stake in the Palm Promax Investments joint venture to its balance sheet, it had stated.

A bullish user on Stocktwits called this the “biggest merger of 2025.”

Shares of Above Food have jumped nearly 855% in the last 12 months.

The company had said in July that the merger is expected to position Above Food as a market leader in the tokenization of real-world assets and the issuance of stablecoins, underpinned by its access to over $1.5 trillion of diverse AA- and AAA-rated sovereign-owned assets via its joint venture partner, Promax United.

In September, Above Food announced that it had secured a $20 million strategic investment through a convertible note from Aqua 1 Foundation, a Web3 company and key backer of World Liberty Financial.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Also See: FOSL Stock Plunges After Extending Exchange Offer For Its Senior Notes Due 2026

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