next meme stock short squeeze
17 were trading at 116 before the market. 2 days agoInvestorPlace - Stock Market News Stock Advice Trading Tips.
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Besides the shared nomenclature Beyond Meat Inc.
. Traders bought more than 130 million worth of the popular meme stock which on top of heavy options buying forced short. Roughly 217 million shares traded hands. Penny stock Mind Medicine NASDAQ.
Its stock price was down 37 at 24 as of Wednesdays close a fraction of the 121 peak it reached on a split-adjusted basis in January 2021. As a result Nokias share price jumped by 106. However its shares are still up more than four.
GameStop among the first meme stocks is a prime example of how the retail investor community identified a highly shorted stock and used a short squeeze to work in their favor. Unfortunately the stock price didnt match the reality of what the company was going through. The COVID-19 pandemic has slowed down the rollout of 5G globally leading to a large number of hedge funds and institutional traders to short Nokia stock.
In January 2021 there was a surge of bullish sentiment for the stock and a short squeeze occurred over a single day. For example in early December 2021 its price in the stock exchanges rose 10 over the news that it had a new significant investor. BYND may have more in common with Bed Bath Beyond than meats the eye.
A 21 short interest is equivalent to approximately 19609 million shares on loan shares that have been borrowed and have not yet been closed. The Next Big Meme Stocks in 2022 Tesla Inc. If you like to trade stocks that move fast stay tuned as GOVX stock could have powerful upside momentum.
The stock started on August 1 2022 at 577 and peaked at 2308 due to another meme stock rally. One stock that has been showing signs that it could be the next big meme stock is SIGA Technologies. Genetic testing platform Invitae ripped 277 higher on August 10.
When AMCs short interest dropped from 20 to 14 6 points the share price rose to 72 per share. Because AMC is heavily shorted at 21 this is a short squeeze play in 2022. Shares that opened at 68 cents early on Aug.
True to short squeeze form the stock has since returned to where the social media fueled rally began. After a shaky meme-stock pop eager WEBR stock traders could be in for a rude awakening August 24 2022 By Louis Navellier and the InvestorPlace Research Staff Aug 25 2022 615 am EDT August 24. A little momentum and a big short squeeze can go a long way.
Last week shares of the specialty retailer soared as high as 30 despite an absence of news. And there was likely a short squeeze And CNBC would quickly crown AMTD as The 300 billion meme stock that makes GameStop look like childs play while Bloomberg would highlight MEGL. It was truly epic.
At the same time meme-stock traders may have targeted GeoVax as a short-squeeze candidate. A high short interest can potentially lead to a short squeeze down the road. Following Tuesdays market close BBBY had a short float of 4186 and a short ratio of 039 days to cover.
Short-squeeze stocks are back on many investors radars as meme stock mania appears to be in full swing once again. Another important metric to watch here is Beyond Meats 64 short interest ratio. According to Fintels Short Squeeze Leaderboard Bed Bath Beyond ranks as number 162.
TSLA Tesla has become a favorite among retail traders for many reasons some of which have nothing to do with its earnings. MNMD stock nearly doubled overnight on rumors of a short squeeze.
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