New kids on the block: a new batch of meme stocks arrives Art and Culture News

The so-called meme stock trade started this week so that the chatter can narrow the doubt.

Another set of names has been added to the meme-stock frenzy, as retailers clung to their favorites on Wednesday.

GEO Group Inc. the prison operator rose 60% and Clean Energy Fuels Corp. jumped 24% from 2:32 p.m. in New York, and on Tuesday had a higher load on ContextLogic Inc. and Clover Health Investments Corp. they replaced names like. In Europe, Air Berlin jumped 138% after rising 54% the day before. Meanwhile, Wendy’s Inc. shares of the fast food restaurant chain reversed gains on Tuesday, with Northcoast and Stifel having equivalent recommendations to buy after the shares fell.

The so-called meme stock trading started this week, with WallStreetBets and other social media platforms building chats as short-term investors as investors in short-term forums.

One of Reddit’s favorite pastimes has been highlighted because the wider stock market hasn’t gone anywhere in the last month. AMC Entertainment Holdings Inc. and shares of Clover Health companies jumped at least 85% in June, with the Russell 3000 index up just 1%.

“Meme stock craze is a liquidity phenomenon,” said Matt Maley, Miller Tabak + Co.’s chief market strategist. “It’s a far cry from what Reddit traders are playing. There are a lot of hedge funds at the moment (with algae with a lot of money that drives a lot of things).”

The volume of opportunities has increased in the last period of some meme stocks. The volume of a single stock option per day rose about $ 383 billion last week, Barclays analyst Maneesh Deshpande said in a note.

“One of the surprising dynamics over the past week has been the exacerbation of a single stock (in the rest of the universe) as retail options activity has increased and the demand for meme stock calls has increased,” Deshpand said in the report.

On Wednesday, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, asked the agency to review the stock market structure, including the so-called best execution conditions. This is after the SEC said earlier this week that it is looking at signs of manipulation as the market looks to see meme stocks increase.

GameStop Corp., when it began its meme hobby in January, reports the results for the first quarter after the end of today’s trading. At this year’s video game retailer’s annual meeting, newly elected President Ryan Cohen shouted at retailers who have been fueling the stock rally. “We are fortunate to have a special group of investors with the company’s shares,” he said.

Wendy was given a discount to buy Stifel, and said the stock’s valuation fully reflects the growth it was supposed to achieve at the $ 25 target price. Analyst Chris O’Cull said in a statement that it continues to “build the company’s core perspectives”.

Other stocks that are currently moving and have high short interest rates as a percentage of mobile, according to data from IHS Markit Ltd. at 14:32 in New York:

• Atomera Inc. gained 12% to 22% in short-term interest on Wednesday
• Clovis Oncology Inc. the company has a short interest rate of 34% and is currently up 14%
• Genius Brands International Inc. the company has increased by 13% and has a short interest rate of 13%.
• Inovio Pharmaceuticals Inc. the company jumped 16% on Wednesday and has a short 26% interest
• Invesco Mortgage Capital Inc. the company increased 19% on Wednesday and has a short interest rate of 12%.
• PubMatic Inc. has a short interest rate of 47% and is currently up 10%
• Root Inc., with 14% short interest, gained 23% on Wednesday
• SmileDirectClub Inc. the company collected 10% and has a short interest of 18%.
• World Wrestling Entertainment Inc. the company added 11% and has a short interest rate of 23%.
• Ziopharm Oncology Inc. the company has a short interest rate of 14% and an increase of 13%.