A meme stock is any publicly-traded company that is facing excessive trading volume from retail investors on social media. Theyre often users of Reddit and Robinhood a commission-free investment app that isnt available in Australia and the stocks of choice generally ones.
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Take Lemonade NYSE.
Meme stocks acronym. Looking for the definition of MEME. To put it simply a meme stock is when the share price of a company is pushed significantly up by individual investors. Earlier this year the stock price soared from just under 20.
The popular meme stock GameStop GME saw a massive price surge in late January 2021 after retail investors attempted to take on a hedge fund that had shorted the stock. While it may seem that the meme stock mania is dissipating following GameStop Corps. A meme pronounced MEEM though some say Me-Me is a part of the language of the internet.
What is a Meme. 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 January 28 it hit an all-time high of 483 per share.
Multitasking Extensible Messaging Environment is one option -- get in to view more The Webs largest and most authoritative acronyms and abbreviations resource. Meme stocks have become increasingly popular due to a Reddit page called WallStreetBets. In general its a stock that is going viral on various social media platforms that leads to skyrocketing share prices.
Any publicly traded company stock that keeps going up and disregards the fundamentals such as revenue and profits when valuing the underlying company. LMND and Beyond Meat NASDAQ. Such stocks are often mentioned often in trading-related posts on social media platforms online discussion forums and news articles.
Continuing to hold a stock despite losses adversity and volatility confident that the price will increase. At the beginning of June 2021 these two got caught up in yet another Reddit-induced mania sending share prices soaring. The theater chain started this year at 2 a share and hit.
AMC may be starting to peak from a Social perspective but this is one of the beloved BANG stocks mused HypeEquity founder Travis Rehl citing the acronym for the main meme stocks. In its early days meme which incidentally is often mispronounced as me-me or meh-meh but in fact should be pronounced meem primarily was only known and used by certain academics but today this neologism is beginning to reach widespread use thanks to describing the viral spread of jokes ideas etc. The truth is that not all meme stocks are to be treated as pariahs.
Today I found out where the word meme comes from. The phrase is represented by a combination of diamond and hand emojis. Hence any stock that goes up in value beyond most peoples imagination is labeled as a meme stock.
Yet now boom is rapidly becoming bust in one of the more remarkable stock-market stories of the last decade as stocks including GameStop and AMC spiral. The meme stock poster child must be GameStop a tired old bricks-and-mortar games outlet. A meme commonly referenced by the stock market community is that stonks always go up.
A group of meme stocks which are those that have been trading on internet sentiment instead of fundamentals have even earned their own acronym. Meme stock is a slang used in trading world to refer to stocks with heavy-short interest that can be artificially manipulated to prove a point. The meme which represents the Fed printing money to prop up bond markets to prevent an economic downturn much to the chagrin of a bowtied anarcho-capitalist or.
Meme-trade sequels can be just as action-packed as the originals as AMC ticker.
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