Meme stocks return: Yahoo Finance Reports
GameStop's stock recently experienced a dramatic surge, reminiscent of the 2021 meme stock phenomenon. On May 13, 2024, GameStop (GME) shares skyrocketed more than 70% in just one day, reviving memories of the retail investor frenzy that captivated the financial world three years ago. This unexpected spike was triggered by a viral social media post from "Roaring Kitty," a key player in the initial meme stock craze. The stock plummeted more than 20% just a few days later when the video game retailer announced plans to issue more shares and released disappointing preliminary first quarter results.
YouTube Host Matt Kohrs observed the similarities to past GameStop stock action noting, "it's very similar to 2021, this is the resurgence of meme mania."
Financial Insyghts President Peter Atwater warned it may indicate a potential market downturn. "The meme stock trade tends to only occur at extremes of sentiment... this is another moot indicator that the markets are reaching a point where we should expect some sort of a meaningful pullback."
tastylive Founder and CEO Tom Sosnoff explains that does not see the relation to the 2021 GameStop event, "I don't look at this at all like I did it 2021...this is all the players just transitioning or moving into something that's actually active."
Wedbush Equity Research Managing Director Michael Pachter warned investors of Gamestop's future. "They're going to see continued declines, there is nothing big coming out this year...lots of headwinds for them and I don't see any way out of it."
For more expert insight and the latest market action, click here.
This post was written by Colin Webb.
相關影片推薦
- 2:13北捷揮刀女是碩士!當理貨員離職日犯大錯疑幻聽砍人民視影音178,521 次觀看・1 天前
- 1:34運動會大跳"三振舞" 嘉義高中女老師網路爆紅民視影音190,738 次觀看・2 天前
- 1:18田中馬「超狂肉肉」澎湃補給 跑者認了:專門來吃的民視影音28,124 次觀看・7 小時前
- 1:43德國妹吃台式鐵板燒超驚嚇!雙人海陸套餐在德只能買一隻蝦民視影音169,221 次觀看・1 週前
- 3:53一分鐘報天氣 / 週一 (11/11) 短期內為東北季風天氣型態 北東有雨中南部日夜溫差大Yahoo奇摩新聞(報氣象)839 次觀看・7 小時前
- 2:02擺攤老夫婦遭警強行拖走 警:傷害現行犯華視影音139,759 次觀看・3 天前
- 1:50聽從指揮禮讓救護車釀車禍 "闖紅燈全責"騎士難接受民視影音45,999 次觀看・1 天前
- 4:20柯文哲案洩密疑雲?學者分析恐怕是她洩密害了律師!?民視影音102,389 次觀看・4 天前
- 0:27「家族坐擁數處豪宅」卻佔用官舍? 蔣萬安回應了民視影音270,964 次觀看・3 天前
- 0:46台南富華大飯店火警 員工拿滅火器救火疏散72人華視影音1,269 次觀看・7 小時前
熱門必看
- 13:15【Super Junior-M復刻系列】台灣long stay之團員告別台灣 EP12Yahoo奇摩娛樂 電視影音33,452 次觀看・3 天前
- 14:07【Super Junior-M復刻系列】周覓xHenry 分享喜愛音樂和在台生活點滴照片 EP11Yahoo奇摩娛樂 電視影音20,020 次觀看・3 天前
- 9:03【Super Junior-M復刻系列】周覓xHenry 挑戰互換穿搭風格 EP10Yahoo奇摩娛樂 電視影音14,652 次觀看・3 天前
- 14:55【Super Junior-M復刻系列】晟敏x厲旭 晟敏教唱《可惜不是你》 EP09Yahoo奇摩娛樂 電視影音12,458 次觀看・3 天前
- 21:41【Super Junior-M復刻系列】晟敏x厲旭 厲旭教中文 EP08Yahoo奇摩娛樂 電視影音11,813 次觀看・3 天前