Meme Stocks Suffer Worst Day Since June as Risk-Off Rages

Bloomberg2021-11-24

(Bloomberg) -- Meme stocks including GameStop Corp. and Bed Bath & Beyond Inc. are tumbling Tuesday as investors bail out of riskier assets in favor of value-oriented companies. A group of 37 retail-...

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Joseph8
2021-11-24
Joseph8
Sigh.
VinKuang
2021-11-24
VinKuang
Pls like tyvm[开心]
- NadNad:
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The newfound caution was also reflected in the tech-heavy Nasdaq 100, which slid 0.5% in the face of rising interest rates, and with Wall Street generally shying away from unprofitable companies.\nGameStop and Opendoor Technologies Inc. were the worst performers as individual investors opted to flip thinly traded biotech stocks, rather than pile back into meme stocks that saw meteoric gains turn to pain earlier this year. The slump comes just days before millions of Americans will gather with family and friends to celebrate Thanksgiving with turkey -- and perhaps swap investment ideas.\nTo be fair, many of the meme stocks remain some of this year’s biggest winners, with eye-popping rallies at the best-known cult favorites. 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