Meme stock

[6] As a result of their popularity, meme stocks often trade at prices that are above their estimated value – as based on fundamental analysis – [7][8] and are known for being extremely speculative and volatile.

[19] According to The New York Times, "Robinhood was the tool of choice for traders in the original meme stocks".

[21][23] News coverage has described the choice to purchase such stocks as an act of rebellion intended to humble short-selling professional investors.

[25][26] The SEC staff report also stated, "some investors that had been invested in the target stocks prior to the market events benefitted unexpectedly from the price rises, while others, including quantitative and high-frequency hedge funds, joined the market rally to trade profitably.

[27] On July 5, 2024 Reddit users speculated that Keith Gill, who was previously involved in the GameStop meme stock fad, was about to invest in headphone maker Koss Corporation around July 4 (US Independence Day) after a May post by him in which a microphone emoji appeared with a US flag on the backdrop.