Tentative trial dates set for four teens charged with murder | SaltWire #newsupdate #halifax #courtNEW 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. Still, there was little indication that a short squeeze - which occurs when a rising stock price forces bearish investors to unwind positions and buy back shares - is underway, said Peter Hillerberg, co-founder of ORTEX technologies.Options trading has surged along with the latest meme stock rally, with much of the action concentrated in bullish call options, which profit when stock prices rise.