What Is A Meme Stocks
These stocks are typically based more on hype than they are on the company's actual valuation or performance. A meme stock is a stock that has gone viral online and has attracted the attention of retail investors. At Schaffer's Investment Research, it is our mission to bring you actionable and educational. A meme stock's value is a result of its hype on social media and not necessarily the company's performance. 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. Learn about what meme stocks are, how they work, and if they're a good investment option for you. Meme stocks have greatly risen in popularity as of late. A meme stock is widely considered to be a stock of a company that has gained significant traction with one internet community or another. Though there is a potential for monumental gains, meme investors are more likely to. As of now, there are only three publicly acknowledged meme stocks: GameStop ( NYSE: GME ), AMC ( NYSE: AMC ), and Nokia ( NYSE: NOK ).