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Meme stocks are back. One day after an account associated with the phenomenon posted for the first time in years on the X social media platform, shares in companies that have been linked to ...
NEW YORK (AP) — Meme stocks are shaking Wall Street once again. That shouldn't be much of a surprise. Ever since bands of smaller-pocketed and novice investors began taking stock prices of downtrodden companies to breathtaking heights three years ago, the potential for more flareups has been obvious. Some things are different this time.
GameStop, the granddaddy of meme stocks, has soared suddenly and sharply. It jumped 60.1% Tuesday after surging 74% the day before. Other meme stocks from the pandemic era are moving just as ...
And after initially rising by as much as 50% on its first day of trading, Trump Media also saw a decrease in value later in the week, as the stock closed Thursday's session around $62 per share.
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
Meme stocks returns since Aug. 5, 2024. (Source: Yahoo Finance) Palantir, for instance, delivered an upbeat earnings forecast on Aug. 5, which turned a 14% loss on the open that day when the yen ...
Clean Energy Fuels joined the ranks of the meme-stock universe on June 8, when the stock soared 30% before promptly falling 15% the following day. The stock has had a 52-week range of $2.34-$19.79 ...
Remember, the fundamentals of popular meme stocks are challenged at best.