Are meme stocks in for April?
There has been a resurgence of meme stocks over the last few weeks, could there be another trend emerging?
Reddit has been a hot topic, with their public listing debut on March 21st. $Reddit (RDDT.US)$ stock rose more than 120% from its IPO price at its high, however in the last week it has dropped around 40% and is sitting at $45.
Another new meme stock from the social media space is Trump Media, which recently went public via a SPAC merger. Like Reddit, $Trump Media & Technology (DJT.US)$ 59% on its first day of trading before pulling back to close the session with a 16% gain.
What do you think of meme stocks, do you own any?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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72734102 : Reddit? We dumped that pos because their anti free speech Stance sucks! To many woke blokes running almost every sun! Won’t tolerate anti Constitutional rights! No Compromise on that!