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Meme Stocks: About

Meme Stocks

Read from our Library Collection

Link to a Beginner's Guide to High-Risk, High-Reward Investing by Robert Ross in the catalog
Link to Ten Commandments of Investing by San Eng in the Catalog
Link to the Revolution that Wasn't by Spencer Jakab in the Catalog
Link to Trading Guide for Beginngers in Hoopla
Link to Modern Portfolio Management by Todd Petzel in the catalog
Link to Guide to Investing in Stocks, Bonds, ETFs and Mutual Funds by Shyam Bahadur in Hoopla
Link to Expectations Investing by Michael Mauboussin in Hoopla
Link to Aim for Millions with Dtock Options by Jeffrey Weber in Hoopla
Link to We Should All be Millionaires by Rachel Rodgers in the Catalog.
Link to Interactive Day Trading by Satish Gaire in Hoopla
Link to Clever Girl Finance by Bola Sokunbi in the Catalog.

Meme Stocks Explained

These stocks tend to experience huge prices swings, often driven by social-media chatter.  The concept of a meme stock is a new one, and there’s no single definition or official designation. Instead, a meme stock label is a part of the language of the Internet. A meme is a way for social-media users to quickly communicate an idea, style, trend, or behavior, usually through a combination of an image and a catchphrase.  Meme stocks are stocks that see dramatic increases in price, mostly fueled by social-media discussions on Reddit and Twitter. Trading in these stocks is usually driven by short-term buyers and sellers. And because these stocks rarely have business fundamentals to support huge jumps in price, they tend to experience huge price swings.  

The first prominent example of a meme stock in 2021 was struggling video game retailer GameStop (GME). The stock traded $19 per share at the start of the year, but by Jan. 28, it hit an all-time high of $483 per share.  Continue reading from Morningstar

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Listen to Podcasts

Link to Barron's Live podcast on website
Link to Money for the Rest of Us Podcast at website
Link to Millennial Money Podcast at website.
Link to Wall Street Journal's Whats News Podcast on their website
Link to Grant's Current Yield Podcast on website

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