Investors Seek Less Volatile Ways to Capitalize on Meme Stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Finance News

Investors,Meme Stocks,Gamestop

Many investors fear missing out on lucrative opportunities like GameStop and Reddit. However, there may be less volatile ways to capitalize on meme stocks, according to an investment analyst.

From the GameStop frenzy of 2021 to the recent surge for Reddit and Truth Social, many investors likely have a fear of missing out (FOMO) on these seemingly lucrative opportunities. However, for those investors for whom 'meme' stocks come with risks beyond their appetite, there may be a less volatile way to capitalize on the trading phenomenon, according to Hannah Gooch-Peters, global equity investment analyst at Sanlam Investments.

Meme stocks, which gained popularity through social media platforms like Reddit and Twitter, have attracted retail investors looking to make a quick profit. In 2021, GameStop shares skyrocketed by more than 1,500% in just a few weeks, driven by a coordinated effort from retail investors on the Reddit forum r/WallStreetBets. While some investors made substantial gains, others were left holding the bag when the bubble burst

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Less money, less house: How market forces are reshaping the American homeMajor homebuilders are prioritizing narrower houses with fewer doors, windows and cabinets. Median homes sizes are at a 13-year low.
Source: washingtonpost - 🏆 95. / 72 Read more »

Less money, less house: How market forces are reshaping the American homeMajor homebuilders are prioritizing narrower houses with fewer doors, windows and cabinets. Median home sizes are at a 13-year low.
Source: adndotcom - 🏆 293. / 63 Read more »

Polkadot, Cardano, Litecoin Attract $6.3 Million Inflows in Epic Market BoomPositive inflows highlight growing appeal as investors seek exposure to assets other than Bitcoin
Source: Utoday_en - 🏆 295. / 63 Read more »