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WallStreetBets, the infamous subreddit credited with helping to spawn the meme-stock phenomenon, is giving its regular readers a taste of what it was like during the trend’s heyday in early 2021.
Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest beaten down companies to see a share price revival are Krispy Kreme, GoPro and Beyond Meat.
Investor enthusiasm faded for the latest meme stocks on Wednesday, with shares in heavily shorted Krispy Kreme and GoPro closing well below their session highs, while Tuesday's investor darling - department store Kohl's - finished sharply lower.
Conventional wisdom is out the door for some surging stocks as online hoards are bringing back meme stock mania.
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Fefe Demeny breaks down the wild world of meme coins — from Dogecoin to Floki — and why these meme coins matter more than you think.
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During the company's most recent quarterly call with investors and analysts, Kohl's reported a 4.1% sales decrease, continuing a streak of quarterly sales decreases that has started more than two years ago. The company is also expecting a net sales decrease between 5% and 7%.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Some investor enthusiasm faded for the latest meme stock rally on Wednesday, with shares in heavily shorted Krispy Kreme and GoPro coming off earlier highs, a day after retail investors had piled into the shares of department store company Kohl's.