There are still 16 meme stocks with at least 100% gains in 2021
It’s a reminder that the wild ride may be far from over for these stocks. While $164 billion in value has been wiped from those 50 companies in a matter of days, data compiled by Bloomberg show, that came after $276 billion in market cap was added from the start of the year.
February 4, 2021
While it may seem that the “meme stock” mania is dissipating following GameStop Corp.’s $27 billion wipe-out, there are still 16 companies whose shares are up triple digits this year.
Of the 50 stocks that Robinhood originally put on its restricted list, roughly a third have doubled or more in price in 2021, while only six are lower year-to-date. Leading the pack is Naked Brand Group Ltd., whose shares are 546% higher this year. Koss Corp. is up 528% while GameStop shares are still hanging onto a gain of 317%.
U.S. stocks hit record as small caps jump; US. dollar gains
Rita Nazareth and Vildana Hajric, Bloomberg News
BNN Bloomberg s mid-morning market update Feb. 4, 2021 VIDEO SIGN OUT
Stocks extended their rally into a fourth day as investors parsed through a flurry of corporate results amid signs the U.S. labor market may be gradually improving. The dollar rose.
The S&P 500 climbed to a record, led by banks and tech shares, as the Russell 2000 Index jumped 2 per cent. EBay Inc. and PayPal Holdings Inc. surged on upbeat forecasts, while Netflix Inc. gained after raising the price of its service in Japan. GameStop Corp. had another day of heavy losses, with this weekâs plunge exceeding 80 per cent as retail traders flocked to other corners of the stock market such as small drug developers. A widely watched segment of the Treasury yield curve steepened to levels last seen in 2015.
U S stocks advance as day-trader frenzy eases bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
U.S. Stocks Advance as Day-Trader Frenzy Eases: Markets Wrap
Bloomberg 1/28/2021 Vildana Hajric and Lu Wang
(Bloomberg) U.S. equities mounted a comeback from their worst loss since October as moves to limit retail traders’ speculation in some companies opened the door for hedge funds to load up on stocks they had been ditching.
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The S&P 500 Index rose 1% after trading platforms restricted activity in stocks whipsawed by internet chatter, from GameStop Corp. to AMC Entertainment Holdings Inc. and American Airlines Group Inc. Hedge funds that had shorted the stocks were burned in recent days, forcing them to reduce holdings in shares they loved in order to cut risk.
U.S. stocks advance as day-trader frenzy eases
Bloomberg News VIDEO SIGN OUT
U.S. equities mounted a comeback from their worst loss since October as moves to limit retail tradersâ speculation in some companies opened the door for hedge funds to load up on stocks they had been ditching.
The S&P 500 Index rose 1 per cent after trading platforms restricted activity in stocks whipsawed by internet chatter, from GameStop Corp. to AMC Entertainment Holdings Inc. and American Airlines Group Inc. Hedge funds that had shorted the stocks were burned in recent days, forcing them to reduce holdings in shares they loved in order to cut risk.