Meme stock

A meme stock is a stock that gains popularity among retail investors through social media.[1][2][3] The popularity of meme stocks is generally based on internet memes shared among traders,[4] on platforms such as Reddit's r/wallstreetbets.[5] Investors in such stocks are often young and inexperienced investors.[6] As a result of their popularity, meme stocks often trade at prices that are above their estimated value – as based on fundamental analysis – [7][8] and are known for being extremely speculative and volatile.[9][10][11]

A GameStop store facade in Queens, New York City
  1. ^ Griffith, Erin (2021-06-23). "No End to Whiplash in Meme Stocks, Crypto and More". The New York Times. ISSN 0362-4331. Archived from the original on 2021-10-21. Retrieved 2021-10-20.
  2. ^ Langley, Karen (2021-06-04). "AMC Leads Meme Stocks on a Wild Ride". Wall Street Journal. ISSN 0099-9660. Archived from the original on 2021-10-21. Retrieved 2021-10-20.
  3. ^ U.S. Securities and Exchange Commission (October 14, 2021). Staff Report on Equity and Options Market Structure Conditions in Early 2021 (PDF). p. 15. Archived (PDF) from the original on October 30, 2021. Retrieved October 20, 2021.{{cite book}}: CS1 maint: date and year (link)
  4. ^ "Year of the Meme Stock: Hertz, Kodak Top List of 2020 Highlights". Bloomberg.com. 2020-12-26. Archived from the original on 2021-10-23. Retrieved 2021-10-20.
  5. ^ Darbyshire, Madison; Oliver, Joshua (2021-05-25). "Reddit forum discussions swing from meme stocks to cryptocurrencies". Financial Times. Archived from the original on 2021-10-23. Retrieved 2021-10-20.
  6. ^ "Are "meme stocks" harmless fun, or a threat to the financial old guard?". The Economist. 2021-07-06. ISSN 0013-0613. Archived from the original on 2021-10-23. Retrieved 2021-10-20.
  7. ^ Chung, Matt Wirz and Juliet (2021-06-11). "WSJ News Exclusive | AMC Bet by Hedge Fund Unravels Thanks to Meme-Stock Traders". Wall Street Journal. ISSN 0099-9660. Archived from the original on 2021-10-22. Retrieved 2021-10-20.
  8. ^ Alloway, Tracy (27 January 2021). "How 'Flows Before Pros' Is Disrupting Stock Markets". Bloomberg. Archived from the original on 23 October 2021. Retrieved 20 October 2021.
  9. ^ "The Meme Stocks Keep Coming". Bloomberg. 9 June 2021. Archived from the original on 30 October 2021. Retrieved 30 October 2021.
  10. ^ Adamczyk, Alicia (9 June 2021). "Dogecoin? Meme stocks? Why 'boring' investments are still your best bet". CNBC. Archived from the original on 30 October 2021. Retrieved 30 October 2021.
  11. ^ Li, Yun (2021-05-26). "Meme stocks GameStop, AMC are popping again as speculative trading ramps back up". CNBC. Archived from the original on 2021-11-01. Retrieved 2021-10-31.