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What are meme stocks?

Asked 12 hours ago

Answer

Meme stocks are shares that experience dramatic price swings due to popularity on online forums, often driven by retail traders rather than company fundamentals.

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The return of the meme stocks: Names gaining traction in early trade

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  • GoPro, Krispy Kreme, and Opendoor Technologies are among stocks gaining traction on Reddit's WallStreetBets.
  • Kohl's shares more than doubled in early trade before losing those gains, closing just under 40% higher. 9s
  • Around half of Kohl's shares are currently being sold short. 19s
  • Retail traders are targeting stocks with high short interest, similar to the GameStop saga. 1m 53s
  • Analysts warn that rallies unsupported by fundamentals can lead to rapid declines and investor losses. 2m 33s
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The return of the meme stocks: Names gaining traction in early trade
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CNBC
12 hours ago
The return of the meme stocks: Names gaining traction in early trade

Meme stocks are shares that top online forums like Reddit's WallStreetBets and experience significant volatility, often driven by retail traders targeting companies with high short interest.

The return of the meme stocks: Names gaining traction in early trade
Icon
CNBC
12 hours ago
The return of the meme stocks: Names gaining traction in early trade

The term refers to stocks that become popular among amateur traders, reminiscent of the GameStop saga, and are characterized by irrational exuberance rather than strong company fundamentals.

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