meme, stock market
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Steve Quirk, Robinhood chief brokerage officer, joins 'Squawk Box' to discuss the resurgence in meme stocks, meme stock trading trends, and more.
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.
Meme stocks are typically those that see significant jumps in trading volumes and stock prices, driven by a mix of social media hype, short squeezes, and technical breakouts, despite little to no change in the underlying business fundamentals.
Conventional wisdom is out the door for some surging stocks as online hordes are bringing back meme stock mania.
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A Meme Stock Rollercoaster Opendoor Technologies (NASDAQ:OPEN) is surging 25% in morning trading today, reigniting excitement among retail investors who have crowned it a meme stock darling. Fueled by social media hype on platforms like Reddit’s WallStreetBets and X,
WallStreetBets, the infamous subreddit credited with helping to spawn the meme-stock phenomenon, is giving its regular readers a taste of what it was like during the trend’s heyday in early 2021.
Small investors piled into Kohl's Tuesday and sent shares flying upwards as the department store retailer became the latest business caught up in a stock market frenzy.
A meme stock's viral popularity tends to spawn unexpected trading volumes and abrupt share price spikes and plunges, often in the same day, particularly when it conflicts with the company's