Most of meme stocks dropped in morning trading

Tiger Newspress2021-06-10

(June 10) Most of meme stocks dropped in morning trading.

GameStop fell about 10%, Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline.

Clover Health Corp fell nearly 9%, Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.

The stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a special purpose acquisition company deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders in the past week.

Bank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Salibee
2021-06-15
Salibee
Meme will send me to the moon and beyond! Siamond hands buddies!!
Bankai
2021-06-11
Bankai
Supports BB! Go BB and CLOV!
Huat1333
2021-06-11
Huat1333
Green green otw....
- Huat1333:
  kindly reply n comments, tks [强]
Eve0
2021-06-11
Eve0
Where is moon!!
Calvingoh93
2021-06-11
Calvingoh93
Sea of reds ??
- flyingsimon:
  Noted
- flyingsimon:
  Kekeke
- flyingsimon:
  Hehehe
- flyingsimon:
  No good
Sam51
2021-06-11
Sam51
Ohhhh too bad

Leave a comment

116

204

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1109265126?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-10 22:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1109265126","market":"us","top_or_hot":-1,"title":"Most of meme stocks dropped in morning trading","media":"Tiger Newspress","content":"<p>(June&nbsp;10)&nbsp;Most of meme stocks dropped in morning trading.</p>\n<p><img src=\"https://static.tigerbbs.com/7f035fcec2fe0d5b172ba455b6163d8c\" tg-width=\"305\" tg-height=\"404\">GameStop&nbsp;fell&nbsp;about&nbsp;10%,&nbsp;Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline.</p>\n<p>Clover Health Corp&nbsp;fell&nbsp;nearly&nbsp;9%,&nbsp;Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.</p>\n<p>The stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a special purpose acquisition company deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders in the past week.</p>\n<p>Bank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.</p>\n<p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Most of meme stocks dropped in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMost of meme stocks dropped in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n2021-06-10 22:34 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(June 10) Most of meme stocks dropped in morning trading.\nGameStop fell about 10%, Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline.\nClover Health Corp fell nearly ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":null,"article_id":"1109265126","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109265126","pubTimestamp":1623335677,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"(June 10) Most of meme stocks dropped in morning trading.\nGameStop fell about 10%, Baird says GameSt","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站","CLOV":"Clover Health Corp","AMC":"AMC院线"},"translate_title":"meme股票早盘多数下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9,"CLOV":0.9,"GME":0.9,"WISH":0.9},"content_text":"(June 10) Most of meme stocks dropped in morning trading.\nGameStop fell about 10%, Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline.\nClover Health Corp fell nearly 9%, Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a special purpose acquisition company deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders in the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":184846441,"gmtCreate":1623710456483,"gmtModify":1704209037707,"author":{"id":"3578610877384773","authorId":"3578610877384773","name":"Salibee","avatar":"https://static.tigerbbs.com/4171df5071ff91dad108e551fca14644","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Meme will send me to the moon and beyond! Siamond hands buddies!!","listText":"Meme will send me to the moon and beyond! Siamond hands buddies!!","text":"Meme will send me to the moon and beyond! Siamond hands buddies!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184846441","repostId":1109265126,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":181738753,"gmtCreate":1623410884672,"gmtModify":1704202853093,"author":{"id":"3558673211102792","authorId":"3558673211102792","name":"Bankai","avatar":"https://static.tigerbbs.com/c7e0e10df42a0abec55080b7e549ec86","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Supports BB! Go BB and CLOV!&nbsp;","listText":"Supports BB! Go BB and CLOV!&nbsp;","text":"Supports BB! Go BB and CLOV!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181738753","repostId":1109265126,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":181261946,"gmtCreate":1623396934985,"gmtModify":1704202489165,"author":{"id":"3559014783889591","authorId":"3559014783889591","name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Green green otw....","listText":"Green green otw....","text":"Green green otw....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/181261946","repostId":1109265126,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4681996,"gmtCreate":1623396978487,"gmtModify":1663228443342,"authorId":3559014783889591,"author":{"id":3559014783889591,"authorId":3559014783889591,"name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181261946,"type":1,"supId":0,"prevId":0,"content":"kindly reply n comments,&nbsp; tks  [强]","text":"kindly reply n comments,&nbsp; tks  [强]","html":"kindly reply n comments,&nbsp; tks  [强]"}],"langContent":"EN"},{"id":181283952,"gmtCreate":1623396339376,"gmtModify":1704202474251,"author":{"id":"3582537519936879","authorId":"3582537519936879","name":"Eve0","avatar":"https://static.tigerbbs.com/7998deb31efd6eab09183ea384fcd511","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Where is moon!!","listText":"Where is moon!!","text":"Where is moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181283952","repostId":1109265126,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":181217196,"gmtCreate":1623396142715,"gmtModify":1704202470019,"author":{"id":"3583902158543371","authorId":"3583902158543371","name":"Calvingoh93","avatar":"https://static.tigerbbs.com/f39861e6ea06d8827da08f30bde8394c","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Sea of reds ??","listText":"Sea of reds ??","text":"Sea of reds ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/181217196","repostId":1109265126,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4740088,"gmtCreate":1623639134398,"gmtModify":1663228709757,"authorId":3582676161346158,"author":{"id":3582676161346158,"authorId":3582676161346158,"name":"flyingsimon","avatar":"https://static.tigerbbs.com/c7ff5f4cfd6f62deb6f4d3345b5207b3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181217196,"type":1,"supId":0,"prevId":0,"content":"Noted","text":"Noted","html":"Noted"},{"id":4702066,"gmtCreate":1623463798273,"gmtModify":1663228538540,"authorId":3582676161346158,"author":{"id":3582676161346158,"authorId":3582676161346158,"name":"flyingsimon","avatar":"https://static.tigerbbs.com/c7ff5f4cfd6f62deb6f4d3345b5207b3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181217196,"type":1,"supId":0,"prevId":0,"content":"Kekeke","text":"Kekeke","html":"Kekeke"},{"id":4689799,"gmtCreate":1623419575195,"gmtModify":1663228477745,"authorId":3582676161346158,"author":{"id":3582676161346158,"authorId":3582676161346158,"name":"flyingsimon","avatar":"https://static.tigerbbs.com/c7ff5f4cfd6f62deb6f4d3345b5207b3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181217196,"type":1,"supId":0,"prevId":0,"content":"Hehehe","text":"Hehehe","html":"Hehehe"},{"id":4972125,"gmtCreate":1624436005636,"gmtModify":1631890569754,"authorId":3582676161346158,"author":{"id":3582676161346158,"authorId":3582676161346158,"name":"flyingsimon","avatar":"https://static.tigerbbs.com/c7ff5f4cfd6f62deb6f4d3345b5207b3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181217196,"type":1,"supId":0,"prevId":0,"content":"No good","text":"No good","html":"No good"}],"langContent":"EN"},{"id":181668601,"gmtCreate":1623390741103,"gmtModify":1704202358321,"author":{"id":"3575283853399181","authorId":"3575283853399181","name":"Sam51","avatar":"https://static.tigerbbs.com/8b7c690f292ee78cc886542bf68de05a","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Ohhhh too bad&nbsp;","listText":"Ohhhh too bad&nbsp;","text":"Ohhhh too bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181668601","repostId":1109265126,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":204,"commentSize":116,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1109265126"}