US EditionGoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up
UNITED STATES, JUL 23 – Krispy Kreme and GoPro stocks surged up to 70% and 90% respectively amid a meme stock rally driven by retail investors and social media, despite weak company fundamentals.
- Amid a broader meme stock rally, GoPro and Krispy Kreme shares surged significantly, marking the latest surge in the meme stock rally.
- According to Wall Street definitions, meme stocks are driven by social media hype rather than fundamentals, illustrating investor motivations.
- Alongside the headline names, the gains follow sharp jumps recently for Kohl’s and Opendoor Technologies, highlighting broader participation.
- Amid the frenzy, call options now account for approximately 68% of total options volume, compared to just 42% during the 2022 bear market, according to Goldman Sachs figures shared by The Kobeissi Letter.
- Despite the hype, meme stock rallies often prove fleeting, with historical patterns suggesting late investors can face significant losses, urging caution.
52 Articles
52 Articles
No GoPro camera sales were fired this Wednesday. Neither did people go to the Opendoor real estate portal en masse. There was also no avalanche of rose orders catapulting Flowers.com sales or a rush of doughnut purchases at Krispy Kreme. None of that has happened. The news is that the shares of these American companies fly on the stock market for no solid reason behind it. As if we had traveled in time to 2021, the stock fever meme has settled b…
Krispy Kreme and Crocs Reveal Glazed Doughnut-Inspired Clogs
The limited-edition clogs are available for $90 on the Crocs website starting Aug. 5 Courtesy of Krispy Kreme Krispy Kreme and Crocs Classic ClogsDonut try to eat these shoes!Krispy Kreme and Crocs are launching their first-ever partnership with a Croc inspired by a classic glazed doughnut. Slated for release on Aug. 5 in adult sizes, each pair of the limited-edition Classic Clogs comes equipped with customizable icing and sprinkle toe caps. "At…
Wednesday was a busy day for GoPro's shares (GPRO), which experienced an impressive upturn of up to 70%.This rise may have surprised more than one, especially considering that about 10% of GoPro's float was sold short at the start of the day.According to the original report, the company, which has been sailing in difficult waters, aroused the interest of investors in online forums.Despite the enthusiasm, GPRO has seen better days, as even with t…
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