![]() ![]() There’s a social sentiment indicator in the stock market that helps investors determine how a particular company is performing in terms of popularity. Social sentiment: How meme stocks popularizeĪ meme stock’s clout grows on social media, which means it stems from social sentiment. One peak does not necessarily mean there will be more, but it’s possible. Many meme stocks are popularized because they’re heavily shorted, which can play into the stock’s performance as well. ![]() Just as much as there can be highs during times of high demand, so too can there be lows amid mass exoduses. There are also YouTube content creators, Facebook communities, Twitter hashtags, and even Discord chats propelling these meme stocks into fame.Īs for the popularity that accompanies meme stocks, it fluctuates. This platform fuels the masses to follow trends in rallying behind a stock-sometimes to no apparent end. The WallStreetBets subreddit has 10.2 million readers and counting. One platform in particular is at the center of the meme stock rallies: WallStreetBets on Reddit. When investing in meme stocks, you can still probe the company for more information through earnings reports, press releases, historical analyses, and more.Ī meme stock is any stock that sees increased popularity or awareness based on social media discussions.Meme stocks like GME, AMC, and SPCE (just to name a few) have spawned a meme stock ETF.Examples of meme stocks include GameStop (GME), Bed Bath & Beyond (BBBY), and AMC Entertainment (AMC).Investors often discuss meme stocks on Reddit (like the subreddit WallStreetBets) and often base trades on short interest.Meme stocks are stocks that periodically rally due to internet popularity.Let’s cover how meme stocks work, what to look for in the next meme stock, and how companies like AMC and GameStop got to where they are today. As integral as they are to our everyday lives, maybe it was only a matter of time before they named an investing theme after them. It didn’t take long for memes to become a cultural touchstone. ![]()
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