Are meme stocks still a thing?
It looks like meme stocks are back. GameStop surged 25% Monday on its way to a 10-day winning streak, its longest in 12 years. Fellow retail favorite AMC Entertainment surged 45% as investors rolled back the clock to 2021 and the original meme-stock frenzy.
Are meme stocks good investments?
Meme stocks remain very popular among retail investors. The concept caught fire during the pandemic, but it's a trend that has persisted. A company's stocks may increase in price when a limited number of investors spread the word about it on social media sites.
What is the point of meme stocks?
Meme stocks have been all the rage among retail investors during the COVID-19 pandemic. Meme stocks are created when a company's shares catch fire with individual investors on social media platforms such as Reddit and quickly skyrocket in price.
What is the best meme stock to buy?
Meme Stocks To Buy [Or Sell] This WeekGameStop Corporation (NYSE: GME)Nio Inc. ( NYSE: NIO)Bed, Bath & Beyond Inc. ( NASDAQ: BBBY)AMC Entertainment Holdings Inc. ( NYSE: AMC)
Is NIO a meme stock?
Meme Stocks: Nio (NIO)
Is Tilray a meme stock?
Tilray has been subject to volatility since the recent Reddit-fueled rally on weed stocks and other meme stocks. Its stock price was hanging around the $9 mark for a number of months before shooting up to a peak of $67 in February 2021, before more than halving once more.
Can you get rich with meme stocks?
Meme stocks are extremely unpredictable, and the risk of losing money is high. Don't put your finances at risk in hopes of getting rich overnight. Robin Hartill, CFP has no position in any of the stocks mentioned.
Is Palantir a meme stock?
Out of this, meme stocks emerged, including Palantir (NYSE:PLTR).
Is Ford a meme stock?
Ford. Ford's (F -5.54%) inclusion on the list of meme stocks might surprise some, but it caught the attention of the Reddit crowd last year and its stock soared 136%.
Why is it called a meme stock?
What Is a Meme Stock? A meme stock refers to the shares of a company that have gained a cult-like following online and through social media platforms.
Is GameStop a meme stock?
In 2021, GameStop became the emblematic “meme stock,” meaning that it was being pumped up by online stock pickers with a story to tell.
Is Newegg a meme stock?
Newegg may have a reputation as a meme stock. Specifically, one of the scores of “also ran” meme stocks that experienced sharp spikes during 2021 that it couldn't sustain.
Meme stocks may be so 2021. Let's look at 2023 instead
Since 1995, Rick has been writing for The Motley Fool, where he's a consumer and tech stocks specialist. Yes, that's a long time with more than 20,000 bylines over those 24 years. He's been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service's inception.
Key Points
Tanger Factory Outlet Stores, GameStop, and AMC soared in early 2021 as meme stocks.
Tanger Factory Outlet Stores
One of the more unlikely stocks to get swept up in the "meme stock" surge last year -- outside of perhaps Tootsie Roll -- was Tanger Factory Outlet Stores. Shares of the shopping center operator soared 48% in the span of four trading days in late January on its heaviest volume in more than a year.
GameStop
The poster child of the meme stock run is trading 74% below the all-time high it hit during its frenzied spike nearly 13 months ago, but all of the publicity that it has received does give the small-box video game retailer a better chance to succeed.
