Krispy Kreme Stock Spikes
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Meme-stock mania might be back, but old heads may have noticed that the moves this time around are lacking a certain explosiveness.
GameStop shares rose Monday afternoon amid heightened volatility despite no clear news or catalysts, according to Benzinga. Monday’s move followed a volatile week driven by swings in the cryptocurrency market and remarks from GameStop’s CEO.
Krispy Kreme (DNUT), Opendoor (OPEN), Rocket Mortgage (RKT) and Kohl’s (KSS) had become the meme stocks of the moment, along with a new moniker from traders — “DORK,” a reference to the first letters of their tickers.
The GME stock slumps 10% in 3 months as core sales sink despite cost cuts, collectibles gains and strong cash reserves.
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MarketBeat on MSNGameStop: Clarity Brings Renewed Confusion for Meme StockCEO Ryan Cohen attempted to bring clarity to the market in a televised interview. He says the company isn’t trying to be a Bitcoin repository and isn’t following in the steps of Strategy (NASDAQ: MSTR),
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Retail investors have begun to pile into speculative bets on small-cap companies in a buildup that resembles the meme stock frenzy of 2021.
By now most people, even those vaguely tuned into finances, have heard the phrase "meme stock." But if you're just catching up, here are some basics.
TheStreet. GameStop has been a dying business for more than a decade. Once it became viable to download video games directly to your device, the retail chain began its slow march to irrelevancy. Stock prices,