Meme stocks that all investors should watch out for
By creating retail investor interest on platforms like Facebook, Reddit, and Robinhood, certain companies have seen massive price and volume increases. These increases are speculative, volatile, and seemingly random, but they created what we know today as Reddit stocks, or Meme stocks.
It is from these social media-driven stocks that the surge in meme investing has emerged; a newer concept on Wall Street that emerged from commission-free trading and has become incredibly popular with retailers. But meme investments can be very risky. The initial rise in price and volume is due to online viral interest; There’s a good chance the stock will also decline in value if the press calms down. So while you can make a lot of money in a short amount of time, there is also the possibility of losing a lot if you get in at the wrong time.
Whether you decide to invest in these volatile stocks or keep the market on the cutting edge so you understand what smaller sellers are focusing on, these are the Reddit stocks to watch out for right now!
AMC Entertainment Holdings, Inc. (NYSE: AMC) is a Movie theater company in the United States. AMC was last traded at $ 55.37, hitting a record high of $ 72.62 on June 2.
GameStop Corporation (NYSE: GME) is a Video game dealers and maybe the original Reddit stock that exploded on the scene in January 2021. GME last traded at around $ 300, up 5,902% year over year. This is not a misprint.
Bed Bath & Beyond Inc. (NASDAQ: BBBY) is an American chain of retail stores selling domestic goods. BBBY is trading at $ 36.66 and is up 271% year to date.
PetMed Express, Inc (NASDAQ: PETS) is an online pet pharmacy based in the United States. PETS was up 17% in June alone.
Nikola Corporation (NASDAQ: NKLA) is an American company that produces zero-emission vehicles. Nikola stock, which last traded at $ 18.66, is up 34% this quarter despite trading in penny stock territory in mid-April.
Pennsylvania Real Estate Investment Trust (NYSE: PEI) is a real estate investment trust (REIT) that is up 66% last month and hit an annual high of $ 3.42 on June 2nd.
Technology giant BlackBerry Limited (NYSE: BB) has seen some sort of revival in the past year, up 173% in the past 12 months. This already includes an increase of 57% in June.
Sundial grower (NASDAQ: SNDL) is Canadian Cannabis company it got hotter at the beginning of summer. The stock of sundials increased 141% in 2021.
Palantir Technologies Inc. (NYSE: PLTR) is american Software inventory that specializes in big data analytics. Palantir is up 23% in the past 30 days, bouncing off the $ 18 mark.
Tech stock Nokia Corporation (NYSE: NOK) has increased by 42% in the past three months.
Nio Inc. (NYSE: NIO) is a Electric car America based company. Tesla’s rival (TSLA) was blazing hot on its way into 2021. While the stock is down 10% since the start of the year, it is down 18.5% last month.
Cannabis stock Tilray, Inc. (NASDAQ: TLRY) has risen 142% since the start of the year but was last trading at $ 20 and remains far from its February 10 all-time high of $ 67.