New kids in the block. A fresh batch of meme supplies is coming | Art and culture news

The so-called meme stock traded this week, rumored the possibility of short conversations.

From Bloomberg

Another batch of names was added to the meme-stock shake-up as retailers used their latest favorites on Wednesday.

Prison operator GEO Group Inc. rose 60% and Clean Energy Fuels Corp. jumped 24% to New York 2. As of 32, replacing the names of ContextLogic Inc. և Clover Health Investments Corp., which on Tuesday raised charges. In Europe, Air Berlin jumped 138%, after rising 54% the day before. Shares of Wendy’s Inc., a fast-food restaurant, meanwhile, traded lower on Tuesday after both Northcoast and Stifel lowered their shares to hold adequate buy offers.

The trading of the so-called meme shares started this week. WallStreetBets և’s other social media platforms have been rumored about the possibility of short clicks as investors gather in forums against short traders.

The speculative frenzy has been especially pronounced among Reddit’s favorite names, as the wider stock market has gone nowhere in the past month. Shares of AMC Entertainment Holdings Inc. և Clover Health jumped at least 85% in June, while the Russell 3000 index was just 1% ahead.

“Memer stock craze is a liquidity phenomenon,” said Miller Tabak + Co. “This is a far cry from what Reddit traders are playing,” said Matt Maley, chief market strategist. There are a lot of hedge funds (with algae) that have a lot of money to turn these things around.

The volume of options has increased against the background of the recent escalation of some meme stocks. The stock traded up $ 383 billion a day last week.

“One of the surprising dynamics of the past week has been the one-stock deviation (in the rest of the universe) as retail activity has increased and the demand for meme stocks has increased,” Despande said in a report.

On Wednesday, Gary Gensler, chairman of the US Securities and Exchange Commission, called on the agency to review the structure of the stock market, including the so-called performance requirements. This comes after the SEC said earlier this week that it was scrutinizing markets for signs of manipulation as meme stocks continued to rise.

GameStop Corp., which started its meme craze in January, reports first-quarter results after trading ends today. At the Annual Video Game Retail Meeting this morning, President-elect Ryan Cohen shouted at retailers who were activating the stock rally. “We are happy to have such a special group of investors who hold shares in the company,” he said.

Wendy’s has been downgraded to shopping at Stifel, which says the stock is now fully reflecting the increase that was expected to reach its target price of $ 25. Analyst Chris O’Cooley said in a statement that he was still “constructive about the company’s fundamental prospects.”

Other stocks that are moving today բարձր have high short-term interest rates as float rates, according to IHS Markit Ltd. at 2 p.m. As of 32.

  • Atomera Inc., with 12% short interest rate, won 22% on Wednesday
  • Clovis Oncology Inc. has a short interest rate of 34% և today it has grown by 14%
  • Genius Brands International Inc. grew by 13% և has a lower interest rate of 13%
  • Inovio Pharmaceuticals Inc. jumped 16% և on Wednesday with 26% short interest.
  • Invesco Mortgage Capital Inc. rose 19% on Wednesday և has a short interest rate of 12%
  • PubMatic Inc. today has a short interest rate of 47%, 10 increased by 10%
  • Root Inc. gained 23% on Wednesday with a 14% interest rate
  • SmileDirectClub Inc. collected 10% և has a short interest rate of 18%
  • World Wrestling Entertainment Inc. adds 11% և has short interest – 23%
  • Ziopharm Oncology Inc. has 14% short interest rate 13 increased by 13%

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