Tag: short squeeze
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How to find meme stocks like GameStop and AMC: Your complete guide to spotting and profiting from hot stocks on social media and Reddit’s Wall Street Bets
Meme stocks have been arguably the biggest market trend of 2021. KnowYourMeme Meme stocks like GameStop and AMC Entertainment have taken the investing world by storm in 2021. Small-time retail traders have banded together in a rebellion against Wall Street hedge funds. Insider regularly interviews experts who share how to spot meme stock surges. Below…
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ContextLogic jumps 22% as Redditors highlight it as a meme-stock play for the week
Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images ContextLogic, the e-commerce company that conducts the Wish platform, rallied 22 percent Monday. The company was the top-hyped stock on Reddit investing threads such as Wall Street Bets. "Wish is that the play week," said one Redditor. See more information on Insider's business page. Shares of ContextLogic…
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Alaska’s GameStop stake soared over 700% last quarter – and its Tesla bet has gone from $0 to $85 million in 18 months
Alaskan sled dogs. Reuters/Nathaniel Wilder Alaska benefited from the GameStop buying frenzy in January.The state's GameStop holding surged more than 700% to $7 million last quarter.Alaska also owns over $85 million of Tesla stock, after eliminating its stake in 2019.See more stories on Insider's business page. There have been several surprising beneficiaries of the GameStop…