Meme stock rally broadens: Geo Group, Clean Energy Fuels shares soar yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Why Is Geo Group Stock Flying Today?
Geo Group Inc. (NYSE:GEO) shares were rallying Wednesday as retail traders continue to push stocks with high short interest.
Geo Group stock is trading on above-average volume and trending on social media sites. The stock has a public float of 118 million shares and a short percentage of 34.11%.
Geo Group, a real estate investment trust focused on prisons, was up 45.44% at $9.25 at last check.
Geo Group Daily Chart Analysis
The stock pulled back in recent months, forming what technical traders call a falling wedge pattern, before breaking out of it Wednesday.
The stock is trading above the 50-day moving average (green), and crossed above the 200-day moving average (blue) Wednesday, indicating sentiment in the stock is likely turning bullish.
Clover Health shares tumble in another wild day for meme stocks - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Clover Health reverses earlier gains as some meme stocks slip
06/09/2021 15:45
(Reuters) -Shares of Clover Health Investments Corp slid on Wednesday in seesaw trading, a day after the new retail trader favorite soared about 86%, the latest meme stock to join the frenzy that has captivated investors this year.
The Medicare-backed insurance seller s shares were recently down around 7% at $20.54 after climbing to nearly $29.
Clover Health has been among the most visible of new meme stocks popular with retail investors on forums such as Reddit s WallStreetBets. The new crop has shot higher in recent days following a resurgence in shares of video game retailer GameStop Corp and movie theater company AMC Entertainment Holdings.