I like money as much as anybody, and I’m not too pure to chase quick cash, if the opportunity seems plausible. So in 2021, I decided to dabble in the meme-stock craze that was upending Wall Street and...
Tag: memestock
Bed Bath & Beyond Set for Rebound as Meme-Stock Selloff Abates
(Bloomberg) — Bed Bath & Beyond Inc. shares climbed as much as 7% in premarket trading on Tuesday as the seller of home goods beloved by retail investors stages a rebound after three days of...
Here’s why meme-stock manias are bad news for the Nasdaq
CNBC’s Jim Cramer said he’s not shocked by the Nasdaq‘s plunge on Monday, explaining that last week’s Bed Bath & Beyond trading frenzy indicated weakness in the index could...
Bed Bath & Beyond Jumps 30% As Meme-Stock Traders Snap Up Shares Despite Analyst Warnings
Topline Despite analyst warnings about “unrealistic” valuations, shares of Bed Bath & Beyond surged up to 70% on Tuesday as retail investors from Reddit’s WallStreetBets piled into the stock after...
Meme-Stock Investors Are Back! Sort of, Anyway
Individual investors have waded back into the stock market after laying low through the worst of this year’s selloff. But don’t call it a comeback yet. So-called retail investors in the last two week...
Chicken Soup Completes Redbox Acquisition, Ending a Weird Meme-Stock Tale
Text size A Redbox video rental kiosk. Justin Sullivan/Getty Images Chicken Soup for the Soul Entertainment has finished its purchase of Redbox , winding up one of this year’s strangest meme-stock ep...
Remember Gamestop? This $300 Billion Memestock Leaves It Miles Behind
Remember GameStop saga or AMC mania? If yes, then here is another meme stock soaring in the market nowadays. Hong Kong-based fintech company AMTD Digital (HKD), which recently got listed on NYSE at th...
Meme-Stock Probe Finds Robinhood Woes Were Worse Than It Let On
(Bloomberg) — Robinhood Markets Inc. faced a more dire situation during the height of last year’s meme-stock frenzy than executives at the online brokerage let on publicly, according to a report...
Day Trader Army Loses All the Money It Made in Meme-Stock Era
(Bloomberg) — It’s ending as fast as it began for retail day traders, whose crowd-sourced daring was the pre-eminent story of pandemic equities. Most Read from Bloomberg Nursing losses in 2022 t...
SEC Response to Meme-Stock Mania Coming Next Week, Gensler Says
(Bloomberg) — The Securities and Exchange Commission is set to consider new stock trading rules in what would be the Wall Street regulator’s most direct response yet to last year’s wild trading ...
Novavax, Beyond Meat Jump After Call for a Meme-Stock Rebound
(Bloomberg) — Novavax Inc. and Beyond Meat Inc. jumped alongside other growth-oriented stocks in Monday trading after an Evercore ISI strategist suggested some of the battered meme stocks could ...
What next as SoFi joins the meme-stock party?
On Wednesday, news that SoFi Technologies Inc. (BMV:SOFI) had received approval from the Office of the Comptroller of the Currency and the Federal Reserve to purchase Golden Pacific Bancorp Inc. and h...
Opinion: Warren Buffett is teaching meme-stock players and crypto traders some hard lessons about why market fundamentals still apply
In early 2021, age-old investing principles of business valuation were declared passe by meme-stock buyers, SPAC enthusiasts, and crypto-traders. A new generation of market players declared that Warre...