Week That Meme Stocks Returned
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It seems meme stocks are back, and this time, the latest craze was sparked—somewhat accidentally—by a Canadian hedge fund manager named Eric Jackson.
Amid this week's speculative frenzy in a handful of meme stocks, we asked AI what to look for when trying to pick the next candidate to go parabolic.
By now most people, even those vaguely tuned into finances, have heard the phrase "meme stock." But if you're just catching up, here are some basics.
Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest beaten down companies to see a share price revival are Krispy Kreme, GoPro and Beyond Meat.
Bursts of euphoric trading are often bullish for near-term returns, but rapid surges in speculation also raise the risk of a pullback, Goldman said.
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Amid the resurgence of meme stock trading this week, a new acronym has captured the attention of users on Reddit's infamous WallStreetBets: DORK.
8hon MSN
Stocks Head for a Meme Reversion
As the stocks rise, that puts pressure on short-selling hedge funds that borrowed the shares to bet against them. They’re forced to quickly repurchase them at a loss—a formula
Sydney Sweeney has reportedly helped American Eagle’s stock climb higher this week. The White Lotus actress has recently collaborated with the clothing brand for a special collection, which includes a denim jacket and “The Sydney Jean.