12/4/2023 0 Comments Hype machine meme![]() ![]() " Pet Food Billionaire Joins GameStop's Board Of Directors." (GME): Historical Data," Select Time Period, "Aug. " Subject: Maximizing Stockholder Value by Becoming the Ultimate Destination for Gamers." " The Big Short SQUEEZE From $5 to $50? Could GameStop Stock (GME) Explode Higher? Value investing!," But meme stocks also remain very volatile and risky, and retail investors are likely to be the ones to experience the most losses if it all comes crashing down. Dominated by younger investors, meme stocks are still seen as a way to generate outsized returns in a short period of time, especially in the face of rising housing costs and inflation in general. Retail investors are also likely remain keen to pick up on the latest meme stock. For instance, in the summer of 2022, meme stock communities have pumped the brick-and-mortar retailer Bed Bath & Beyond (BBBY) to extreme levels, where it was up 314% for a short period before crashing back down. While some thought that the meme stock craze would be short-lived, the phenomenon remains in-force months later. Others, notably GameStop, remain elevated, although still far lower than the all-time highs. In general, many of the meme stocks that saw sky-high stock prices in 2021 have come down quite a bit in 2022, sometimes to below where they started.
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