Newest Meme Stocks
If new Securities and Exchange Commissioner Gary Gensler wants to get a feel for meme stocks, he might want to pay attention to one in particular at Tuesday's opening bell on Wall. New fund tracks 'meme stocks' after GameStop saga caught Wall Street off guard By Paul R. The most famous example of a recent meme stock controversy involves the US video gaming and consumer electronics retailer, GameStop. Meme stock communities can thus greatly influence the prices of those shares through coordinated efforts to, for example, initiate short squeezes in heavily shorted names. In order to capitalize the fervor of meme stocks, Tuttle Capital Management last week launched FOMO ETF FOMO that could lower the risk of investing in a single stock. With numerous uncertainties clouding the market, the top names in this. But as the new year beckons, it's tough to be bullish on meme stocks. Geo Group, Clean Energy Fuels among latest additions to frenzy. Trading in so-called meme stocks took off this week, with chatter building on WallStreetBets and other social media platforms on the potential for short squeezes as investors in the forums rallying against short sellers. Another batch of names has been added to the meme-stock frenzy as retail traders latched on to their latest favorites Wednesday.