2022 Has Been Rough for Meme Stocks

Baron's2022-12-27

AMC Entertainment Holdings AMC stock tumbled this week after the theater chain announced plans to sell stock to a private investment firm. The move extended pain amid what has been a brutal year for ...

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Comments

SYB0303
2022-12-28
SYB0303
Buy and hold [Happy]
MLFL
2022-12-28
MLFL
👋
AlanChong
2022-12-28
AlanChong
Ok
YJ Lee
2022-12-28
YJ Lee
Ok
Seah CL
2022-12-28
Seah CL
K
Vincentan59
2022-12-28
Vincentan59
Mmmmm😧😧😧

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The move extended pain amid what has been a brutal year for ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-entertainment-stock-meme-2023-51671833960?mod=hp_DAY_3\">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":"BBBY","symbol_name":"3B家居","start_time":0,"source_url":"https://www.barrons.com/articles/amc-entertainment-stock-meme-2023-51671833960?mod=hp_DAY_3","article_id":"1185437269","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185437269","pubTimestamp":1672154820,"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"AMC Entertainment Holdings AMC stock tumbled this week after the theater chain announced plans to se","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BBBY":"3B家居","AMC":"AMC院线"},"translate_title":"2022年对迷因股票来说是艰难的","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9,"BBBY":0.9},"content_text":"AMC Entertainment Holdings AMC stock tumbled this week after the theater chain announced plans to sell stock to a private investment firm. The move extended pain amid what has been a brutal year for meme stocks.Shares of firms such as AMC, GameStop, and Bed Bath & Beyond surged in January 2021 amid heavy interest from both short sellers betting against the stocks, and retail traders on social media sites such as Reddit and Twitter. After short bets blew up that month, Wall Street firms wary of another short squeeze began considering data on online ticker chatter.Those stocks may be some of the most prominent meme stocks, but the universe of highly shorted stocks garnering heavy attention on social media sites is larger than that. Roundhill Investments has an exchange-traded fund—the Roundhill Meme exchange-traded fund (MEME)—which includes 25 stocks it says feature “elevated social media activity and high short interest.” That definition includes several high-profile growth stocks including electric-vehicle firms such as Tesla (TSLA), and software stocks such as Snowflake .The MEME ETF is down 60% this year, and only four stocks out of its holdings are positive year to date. Interestingly, the ETF’s moves are mostly in step with the ARK Innovation ETF (ARKK), which may mean meme stocks are as out of favor among traders as high-growth technology stocks amid rising interest rates.Barron’s screened the ETF to see how meme stocks are looking headed into the new year. We also included APE, Bed Bath & Beyond , and Wendy’s (WEN) which Barron’s has previously reported were embroiled in meme stock chaos but aren’t in the ETF. All data is as of the close on Dec. 22.The table with all 28 meme stocks can be viewed below on the Barron’s website. If you’re reading on another platform and can’t view the screen, try pulling up this article on barrons.com.Revenge of the ShortsAfter a breakout 2021, meme stocks struggled this year.The shorts have fared far better in 2022 as the Federal Reserve raised interest rates to combat inflation. GameStop stock has fallen 47% year to date. AMC stock, which effectively split one-for-two in August because to the issuance of AMC Preferred Equity Units (APE) to the owner of each AMC share, is down 71% so far this year, and Bed Bath & Beyond stock is down 83%.Enphase Energy (ENPH), Occidental Petroleum (OXY), and Ulta Beauty (ULTA) are the only meme stocks—at least as Roundhill defines them—that are positive in 2022. They are up 63%, 113%, and 11%, respectively.The biggest laggard among the meme ETF members was Coinbase (COIN). That’s not surprising, given the blowup in cryptos, and a corresponding slowdown in crypto-trading activity.Coinbase is also the most-shorted stock in the ETF, with 22% of shares available for trading, according to data provided by S3 Partners. Bed Bath & Beyond stock, which is not in the ETF, has a much higher short interest at 45%. GameStop short interest sits at 21%, while AMC short interest is nearly 19%. S3 Partners says a typical S&P 500SPX –0.13%  stock faces 2.5% short interest.Just because they’re down, doesn’t mean they’re out. Meme stocks have shown they can draw back from the brink when written off by institutional investors. That said, if Fed policy may continue to weigh on the group in the months ahead.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9924157625,"gmtCreate":1672203628068,"gmtModify":1676538652215,"author":{"id":"3576656611799755","authorId":"3576656611799755","name":"SYB0303","avatar":"https://static.tigerbbs.com/151f9661e12b2e263a192c37c63c016c","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3576656611799755","authorIdStr":"3576656611799755"},"htmlText":"Buy and hold&nbsp;[Happy]&nbsp;","listText":"Buy and hold&nbsp;[Happy]&nbsp;","text":"Buy and hold [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924157625","repostId":1185437269,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924365143,"gmtCreate":1672186106983,"gmtModify":1676538647745,"author":{"id":"4115684828159522","authorId":"4115684828159522","name":"MLFL","avatar":"https://community-static.tradeup.com/news/1d7ab965a9728265436a2d2a8db471ce","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4115684828159522","authorIdStr":"4115684828159522"},"htmlText":"👋&nbsp;","listText":"👋&nbsp;","text":"👋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924365143","repostId":1185437269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924369662,"gmtCreate":1672185559357,"gmtModify":1676538647598,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":0,"idStr":"4125148185432112","authorIdStr":"4125148185432112"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924369662","repostId":1185437269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924337688,"gmtCreate":1672182241844,"gmtModify":1676538646918,"author":{"id":"4108816210230400","authorId":"4108816210230400","name":"YJ Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4108816210230400","authorIdStr":"4108816210230400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924337688","repostId":1185437269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924331542,"gmtCreate":1672181261387,"gmtModify":1676538646763,"author":{"id":"4102135564535180","authorId":"4102135564535180","name":"Seah CL","avatar":"https://community-static.tradeup.com/news/970bca7b04e85a42a2c8eabed7ec96d0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4102135564535180","authorIdStr":"4102135564535180"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924331542","repostId":1185437269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9924330948,"gmtCreate":1672180586484,"gmtModify":1676538646666,"author":{"id":"4098866635611070","authorId":"4098866635611070","name":"Vincentan59","avatar":"https://community-static.tradeup.com/news/a5c91735e742c607283b7643b505c8e4","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":2,"crmLevelSwitch":1,"idStr":"4098866635611070","authorIdStr":"4098866635611070"},"htmlText":"Mmmmm😧😧😧","listText":"Mmmmm😧😧😧","text":"Mmmmm😧😧😧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924330948","repostId":1185437269,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":289,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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