News Formal

Love them or hate them, meme stocks are back

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 32 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Gamestop News

AMC,Meme Stocks,Stocks

Meme stocks are soaring again, delighting fans, frustrating detractors and showing Wall Street that the social media force behind the wild GameStop rally in ...

NEW YORK - Meme stocks are soaring again, delighting fans, frustrating detractors and showing Wall Street that the social media force behind the wild GameStop rally in 2021 is still going strong.

Here is a quick, chart-based look at some of the factors driving the resurgence of the meme stock phenomenon. Short interest in GameStop climbed steadily this year before hitting a 20-month peak of 25% in mid-April, a couple of weeks before the shares started rallying. On Tuesday, GameStop options volume hit 818,843 contracts, the highest since March 2021. For AMC, 1.9 million contracts changed hands, the most in about nine months, according to Trade Alert data.

The stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says

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:

 /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Wall Street Brings Private Market Boom to the Meme-Stock MassesThe meme-stock crowd wants a piece of the rarefied world of private assets, and — for now — there’s big money to be made on Wall Street for anyone who can give it to them.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Wall Street Casino Is Open for Business as Meme Stocks Take OverThe stock market is having a sleepy trading session Tuesday ahead of Wednesday’s critical inflation data. But in the more obscure, speculative corners of the investing world the casino is rocking.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Wall Street Casino Is Open for Business as Meme Stocks Take Over(Bloomberg) -- The stock market is having a sleepy trading session Tuesday ahead of Wednesday’s critical inflation data. But in the more obscure, speculative...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street ends higher, sending Nasdaq to a record highNEW YORK (AP) — Stocks ended higher on Wall Street, sending the Nasdaq composite to another record. The S&P 500 rose 0.5%, and is sitting just shy of its own all-time high. The Dow Jones Industrial Average added 0.3%.
Source: SooToday - 🏆 8. / 85 Read more »