Meme Stocks
June 4, 2024
Investors need to remain cautious as GameStop shares more than doubled on Monday. This after a post from the Reddit account that fuelled the 2021 meme-stock frenzy revealed what seemed to be a $116 million investment in the game retailer.
Indeed, GameStop shares rose as much as 105% in premarket trading on Monday.
And if these gains persist, the stock's market capitalisation would increase by approximately $8 billion.
Meme Stock Mania Resurfaces
As I was quoted by CBS
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May 14, 2024
Meme stocks have returned, and investors will likely get burned by the frenzy.
The Return of GameStop's Day Trading Guru
Keith Gill, known online as 'Roaring Kitty,' uploaded a picture on X, the first time he's been active on the social media platform in three years.
Between 2020 and 2021, he emerged as one of the primary influencers motivating a large group of day traders to invest heavily in GameStop, sparking the meme stock frenzy.
Short sellers,
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