What's Going on With Meme Stocks? -- WSJ

Dow Jones2023-02-07

By Gunjan Banerji

There's been a bit of 2021 deja vu to start the year.

Shares of troubled company Bed Bath & Beyond almost doubled on Monday alone].

The wild moves have led some to wonder if individual investors are behind the rallies.

For the most part, activity among individual investors is a far cry from what we saw during the 2021 meme mania . Still, there are signs that the trend hasn't totally fizzled.

For example, figures from Vanda Research show that retail buys of Bed Bath & Beyond popped yesterday. And AMC Entertainment and GameStop are still among the top 10 investments for Robinhood users, according to the firm's investor index.

Maybe the memes are here to stay?

NOTE: In-line links reference additional content of interest chosen by the WSJ news team.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 07, 2023 10:34 ET (15:34 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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