-$1.08 (-2.7%)
Closing price August 11, 2022
Tuesday’s top analyst upgrades and downgrades included Bilibili, Carvana, Crocs, GameStop, Goldman Sachs, Nike, Sarepta Therapeutics, Vir Biotechnology and Weber.
Where will the two OG meme stocks go from here? Here is a look at the outlook for AMC and GameStop going into a new year.
Monday afternoon's top analyst upgrades and downgrades included Chesapeake Energy, GameStop and Victoria’s Secret.
Wednesday’s early top analyst upgrades and downgrades included Albertsons, AppLovin, Array Technologies, eBay, Freeport-McMoRan, GameStop, Melco Resorts, Navitas Semiconductor, Nike and Novartis.
Two venerable meme stocks took a beating on Monday and were off to a weak start Tuesday.
U.S. markets were trading lower in the noon hour Monday, and the meme stocks were not running counter to the broad market.
A newly revealed Department of Justice investigation into short selling could have a ripple effect on meme stocks, many of which benefit from short squeezes to lift their share prices.
CEO stock sales have had a negative effect on share prices for a couple of well-known meme stocks.
A new meme stock ETF debuted on Wednesday. The fund's top holding is Digital World Acquisition, the SPAC that is taking Donald Trump's ostensible media company public.
Two OG meme stocks were in the news Wednesday, along with a couple of double-digit gainers. One of those was likely due to some reported insider buying.
Meme stocks, like most U.S. equities, had a good day Tuesday and were off to a positive start in premarket trading Wednesday.
One of the OG meme stocks reports quarterly results after markets close on Wednesday. The outlook is, shall we say, guarded.
A couple of SEC investigations have cooled off share prices for some popular meme stocks.
Tuesday's market meltdown didn't miss meme stocks. But there were a few stocks that weathered the storm pretty well.
Just like the broader markets, the meme stocks mostly traded lower on Tuesday.