UPST reached a high of $401.49 in October 2021 and fell to a low of $11.93 in May 2023. UPST shares are up over 430% in 2023, propelled by its 37.44% short interest. Analysts continue to be bearish on TSLA stock, which has been one of the most downgraded stocks in the last several months.

Which stock will be the next GameStop?

  • Unlike traditional funds, Meme Index is fully decentralized, with the community making rebalancing decisions.
  • Quite a remarkable comeback but there is still much more room to grow.
  • As of Thursday’s close, Apple and Bank of America shares have dropped 19% and 17% each from their late-2024 highs.

Here’s everything you need to know about meme stocks in 2024, including 10 of the highest trending shares. And, as hard as it is, if you’re going to invest in meme stocks you’re going to need to be able to stomach volatility and be fine with losing out. If you sell some of your holding and the stock price jumps 100% the next day, you don’t want to beat yourself up. Meme stocks are a type of investment that has built a cult following online, particularly on social media platforms, like Twitter, and forums, such as Reddit.

The Next GameStop? 3 Undiscovered Meme Stocks to Watch.

This negative sentiment causes short interest to rise, another key factor for meme stocks. Meme stocks must have a high short interest to spark a short squeeze. Meme stocks should have social media buzz, a huge rising volume and a small float.

Meme Stocks for Bold Investors: AI, Crypto, and Beyond

Despite these improvements, AMC still reported a net loss and missed earnings-per-share (EPS) estimates. Investing in AMC is inherently tied to the unpredictable nature of meme stock trading and the company’s ongoing recovery in the movie theater industry. The strength of box office performance and continued retail investor support remain critical factors for AMC’s future.

And remember that a meme stock is a short term trade, not a good investment for the long run. If you want to buy and own meme stocks, you’d open a share dealing account. That said, it’s clear that certain stocks have gained a cult-like following on social media channels. The trading volume of these stocks has been huge, largely due to retail investors who are looking for quick wins. Whether as a result of stock purchases or options bets, meme stocks have rallied impressively  on heavy volumes over the past year.

Meme stocks may make you rich, but here’s why your money is better off invested elsewhere.

With AI remaining a hot topic in 2025, BBAI has the volatility and buzz to attract meme stock enthusiasts. A look at the first meme stock helps to provide an idea of what can transform a stock into a meme stock. GameStop was a dying video game retailer, one of the last ones standing. GameStop stock had a 140% short interest, making it highly susceptible to a short squeeze, akin to lighting a match in a kerosene-soaked warehouse. However, that victory was short-lived as meme stocks deflated as quickly as they inflated during the bear market 2022. As the smoke clears and the stock market recovers in 2023, retail traders wonder what the next meme stock will be that spawns another meme stock mania.

So-called Reddit stocks came back from engulfing candle strategy the dead with double-digit rallies this week, as investors poured back into speculative names with the stock market near record highs. Shares of GameStop soared nearly 16% on Wednesday, pushing its gains this week to 37%. Another Reddit chat room favorite, AMC Entertainment, rallied more than 19%, bringing its weekly advance to more than 60%. Investing in Strategy is a leveraged bet on Bitcoin, amplified by meme stock dynamics.

For comparison, it sold a net $24 billion of stocks and repurchased more than $9 billion worth of Berkshire stock in 2023. Charles Schwab has funds that are straightforward options with no investment minimum. Expense ratios can be as low as 0.02%, meaning every $10,000 invested costs $2 annually. Bank of America is identifying the potential up-and-coming WallStreetBets targets by analyzing for clients how many mentions each stock gets on Reddit, among other things like short interest. Meme stocks are grabbing the spotlight once again, and Bank of America said to watch out for a handful of new names seeing a pickup in chatter.

  • Several factors indicate that BBBY could have potential as a meme stock.
  • Although we recently saw Roundhill’s MEME ETF shut down due to flagging investor interest, it’s important to acknowledge that recent economic headwinds have forced investors to look away from riskier stocks.
  • CNK’s high beta of 2.25 and low P/E ratio of 11.79x compared to the industry’s 18.74x make it one of the potentially undervalued meme stocks ready to get squeezed.
  • AMC has in the past diluted shareholders when it spikes in order to take advantage of the financial optionality created by meme volatility.
  • One of the biggest threats is the potential for graft-versus-host disease (GVHD), where the donated T-cells attack the patient’s healthy cells as it views them as foreign.

This puts the company under regulatory scrutiny, and analysts are wary of its ability to continue its current growth trajectory. Share dealing and IG Smart Portfolio accounts provided by IG Trading and Investments Ltd, CFD accounts and US options and futures accounts are provided by IG Markets Ltd, spread betting provided by IG Index Ltd. Whilst spread bets are commission free, on UK shares CFDs incur a £10 commission. Carvana is an online-only retailer which buys and sells used cars, allowing you complete a sale from home rather than the traditional model of going to a garage.

The answer is the same for the question, should you invest in technology stocks, consumer staples stocks, or any other stock sector? And with meme stocks, it can depend on why the stocks are catching traders’ attention. “The big risk with the meme stock investing is that it’s all based on the whims of the crowd,” he adds. But before you really go YOLO with your life savings there are some things to keep in ifc markets review mind. Although we recently saw Roundhill’s MEME ETF shut down due to flagging investor interest, it’s important to acknowledge that recent economic headwinds have forced investors to look away from riskier stocks. Despite this, there have been many cases of meme stock opportunities.

But for balance, investors can now receive live information from famous accounts or bounce ideas off each other in a way that had not really existed before 2021. Over the past couple of years, users have become more fragmented across different platforms as other social media sites such as Telegram and Twitter have become more involved in the investment space. New websites have also emerged that enable users to monitor activity on social media without having to access the site. Even if this isn’t necessarily a deliberate fraudulent scheme, there are big drawbacks to jumping on the meme stock bandwagon. If you don’t have any sort of underlying fundamental anchor or connection to a real business model or valuations, you’re taking huge risks, Trainer says. And David Trainer, CEO of investment research firm New Constructs says a “pump-and-dump scheme” is a fair way to characterize what’s going on here.

All this seems like very bearish news, so its short interest rose to 27%. Go long or short on thousands of international stocks with spread bets and CFDs. Despite fierce competition in the space, Q1 saw PayPal’s net revenues rise by 9% year-over-year to $7.7 billion, while GAAP operating income increased by 17% to $1.2 billion. It works as a middleman, allowing you to link your bank details to your PayPal account, which makes spending and receiving money significantly easier than having to type in card details every time.

Several key characteristics define these unconventional market darlings. High volatility is the most prominent trait, with meme stocks experiencing dramatic price swings in short periods. These fluctuations are largely disconnected from traditional financial analysis, instead driven by social media sentiment and coordinated buying pressure. Then in early June, investors became fascinated with AMC as the movie theater chain — forex trader best which warned of a potential bankruptcy less than a year ago — saw its stock nearly double in just one day.