DIDI
Meme stocks as a group closed higher on Tuesday, and Wednesday's premarket was indicating more gains for some.
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Meme stocks were trading higher Tuesday, as all three major U.S. market indexes kept a grip on mid-morning gains.
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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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Stocks were mostly trading lower Wednesday and many were putting up (down?) new 52-week lows.
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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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Meme stocks took a beating on Friday, and Monday did not appear to be getting off to a better start.
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A Chinese firm has succumbed to pressure from the government to delist its U.S.-listed shares, and a shipping company spin-off appears to have fizzled.
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Markets traded higher Wednesday morning, dragging some of the meme stocks along for the ride. In the early afternoon, though, the day's gains had been pared down.
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Friday's shortened trading session was dominated by the news of a new coronavirus variant and its impact on investors.
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While markets remained mostly calm Wednesday, there were some meme stock movers and we could see more action Thursday as some traders and investors get a head start on the long holiday weekend.
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Company lockup and quiet periods that follow IPOs are coming to an end this week for 25 companies.
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Monday's top analyst upgrades and downgrades included Analog Devices, Bilibili, Chewy, Dish Network, D.R. Horton, Hewlett Packard Enterprise, Krispy Kreme, Lowe's and Southwest Airlines.
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The Chinese government's expected sanctions on DiDi Global were hammering the stock again Friday.
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Meme favorites AMC and Meta Materials were having a rough day on Thursday.
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Following Wednesday's near-tripling of its share price, internet retailer Newegg is giving a chunk of the gain back on Thursday.
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