AMTD Digital's stock was halted for volatility after continuing to go parabolic on Thursday. American depository shares of the Hong Kong based fintech company soared a record 312% on Wednesday.
Video-game retailer GameStop (NYSE:GME) seeks to enter into the worlds of cryptocurrency trading and the metaverse, it seems. Is this a sufficient reason to buy GME stock, though? Probably not, as GameStop’s financial results are subpar. Meme-stock traders might not heed this warning, but long-term investors should check GameStop’s fundamentals before taking a position. Reddit users started a revolution when they targeted GameStop for a short squeeze last year. It was exciting to witness but har
I believe that the meme stock rallies we’ve seen play out in recent years aren’t likely to become commonplace. Therefore, finding the next big meme stock isn’t necessarily easy. The sorts of short squeezes and parabolic moves that have proliferated really defied the rules of theoretical finance. Seeing some of these rallies play out, by the shares of companies with dubious fundamentals, has been remarkable. That said, it’s clear that certain stocks have gained a cult-like following on social med