Gamestop Corporation - Class A
NYSE: GME
$10.42
+$0.11 (+1.1%)
Closing price April 19, 2024
As a group, meme stock losers far outnumbered winners on Wednesday. The big exception was a lingerie company that is about to complete a deal that will recreate the firm as an EV maker.
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Trading was somewhat muted among meme stocks at midday on Tuesday, and share price changes are mostly small, especially among stocks posting gains.
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Tuesday’s top analyst upgrades and downgrades included Bilibili, Carvana, Crocs, GameStop, Goldman Sachs, Nike, Sarepta Therapeutics, Vir Biotechnology and Weber.
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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.
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Monday afternoon's top analyst upgrades and downgrades included Chesapeake Energy, GameStop and Victoria’s Secret.
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Wednesday’s early top analyst upgrades and downgrades included Albertsons, AppLovin, Array Technologies, eBay, Freeport-McMoRan, GameStop, Melco Resorts, Navitas Semiconductor, Nike and Novartis.
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Two venerable meme stocks took a beating on Monday and were off to a weak start Tuesday.
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U.S. markets were trading lower in the noon hour Monday, and the meme stocks were not running counter to the broad market.
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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.
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CEO stock sales have had a negative effect on share prices for a couple of well-known meme stocks.
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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.
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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.
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Meme stocks, like most U.S. equities, had a good day Tuesday and were off to a positive start in premarket trading Wednesday.
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One of the OG meme stocks reports quarterly results after markets close on Wednesday. The outlook is, shall we say, guarded.
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A couple of SEC investigations have cooled off share prices for some popular meme stocks.
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