US EditionMeme Stocks, Dog Parks, and More Milwaukee Business News
- On July 22, Kohl's saw 209 million shares traded, significantly above its typical 13 million, amid a surge in meme stock activity.
- According to Investopedia, meme stocks are defined as viral picks driven by social media sentiment, while the DORK acronym refers to Krispy Kreme Inc., Opendoor Technologies, Rocket Companies, and Kohl's.
- Shares surged as much as 40% on Wednesday, despite no clear catalyst, and Opendoor Technologies is up 380% in the last month.
- Market benchmarks rallied as the S&P 500 rose 1.5%, while the Nasdaq and the Dow added 1.0% and 1.3%.
- Zagros Madjd-Sadjadi warns investors to beware of instability in meme stocks, and they are advised to focus on stocks with strong fundamentals.
11 Articles
11 Articles
Is Investing in "The DORKs" a Good Idea Right Now? @themotleyfool #stocks $DNUT $KSS $RKT $OPEN
Key PointsThe DORK stocks -- Krispy Kreme, Opendoor Technologies, Rocket Companies, and Kohl's -- are getting attention.Each of these companies is losing money, but trading volume is spiking.10 stocks we like better than Krispy Kreme › There's a new investing trend out there. Well, perhaps "newish" is the best way to put it, because to my eyes this is just a recycling of the meme stock fad that swept through the markets four years ago. That didn…
Return of Meme Stock Mania Has Traders on Alert for Market Froth
The reemergence of meme stock mania last week has professional investors facing a quandary: ride the excitement of retail traders or take it as the latest warning sign that the frothy markets are due for a pullback.
Recently, several so-called meme stocks have surged on the American stock exchanges. The phenomenon risks affecting young savers hoping for quick cash, believes SPP's savings economist Shoka Åhrman.
Coverage Details
Bias Distribution
- 43% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
