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The meme stock phenomenon ultimately led to congressional hearings and a movie was even made about the ordeal in 2023 called “Dumb Money.” Meme stocks: Why they’re making a comeback in 2024
In the two weeks following the lows on Aug. 5, the S&P 500 added $3.7 trillion in market capitalization with the "Magnificent Seven" stocks accounting for $1.6 trillion of that.
Shares of former meme-stock darlings Lucid, Nikola, and QuantumScape are all taking off again. Here's the real story. ... whether the stocks are trading at $3 or $5 or $10 today doesn't change ...
Interest in meme stocks started in 2020, [4] in what the U.S. Securities and Exchange Commission has called a "meme stock phenomenon". [12] The stock of American video game retailer GameStop has been one of the most popular meme stocks, [13] [14] with mass purchases of the stock leading to a short squeeze on GameStop in early 2021. [5]
GameStop and AMC weren't the only stocks caught up in this week's meme craze.While shares of the short-lived rally's flag bearers continued to unravel Friday, smaller meme-related equities ended ...
As for why meme stocks are back in the picture, Sikes told Yahoo Finance that a combination of investors’ familiarity with a company’s products or brand and increased market volatility is ...
AMC Entertainment is cashing in on the revival of the meme stock trade.The struggling theater chain raised $250 million of "new equity capital" through the sale of 72.5 million shares on Monday ...
The Roundhill Solactive Meme Stock Index, which tracks popular meme stocks such as AMC, Roku, Peloton, and Robinhood, is up a cool 15% in August heading into Tuesday.