Top Meme Stocks| Market Expect a Short Squeeze for APRN?TRKA Got Delisting Notice
Hi, tigers! I gonna track meme stocks’ movement every week and inform you of the hottest meme stocks in one week and why did they gain most attention. If you were also interested in meme stocks, follow me and learn the news about short squeeze!
1. Unusually Put contracts on $Carvana Co.(CVNA)$
A large block of Put contracts was bought with a strike price of $10.00/share, expiring on August 18, 2023, further suggests a bearish sentiment.
The premium spent on this trade was 2.09 sigmas above the mean, placing it in the 97.68th percentile of all recent large trades in CVNA options. This indicates a significant pessimistic position taken by the trader.
As of May 11, 2023, the average one-year price target for Carvana Co. - is 10.14. The forecasts range from a low of 1.01 to a high of $22.05. The average price target represents a decrease of 15.22% from its latest reported closing price of 11.96.
2. $Blue Apron Holdings Inc.(APRN)$ up 40% on the company’s announcement
APRN was up 24.53% this week.
It has a relatively high short interest ratio and borrow fee rate. Alongside a low price-per-share, these are the integral ingredients that speculators look for in potential short-squeeze opportunities.
That said, in order for any sort of short squeeze to materialize, there needs to be a catalyst.
The company announced that it plans to transfer ownership of its operational infrastructure to FreshRealm in exchange for $50 million.
The company will then outsource the logistics of its meal kit business, allowing for a greater focus on marketing, product design, customer support and consumer technology.
3. $Ohmyhome Ltd(OMH)$ took a roller coaster ride after signing MOU
Ohmyhome operates a property technology platform that provides property solutions and services for buying, selling, renting and renovating homes.
It took a roller coaster ride this week.
It plummetted after the stock rallied on abnormally high volume Monday. This move followed that the company signed a Memorandum of Understanding (MOU) for the potential acquisition of a leading tech-enabled property management company in Singapore.
4. $Troika Media Group Inc.(TRKA)$ got a delisting notice
Troika Media Group, a professional services company, provides consulting services and solutions worldwide.
Troika Media Group has received notice from Nasdaq that its securities will be delisted. This determination was made because the company failed to maintain a minimum bid price of $1.00 per share for thirty consecutive business days. As a result, the company intends to appeal the determination by requesting a hearing before the Nasdaq Hearings Panel.
To regain compliance with Nasdaq's requirements, Troika Media Group plans to conduct a reverse stock split. This is a common strategy used by companies to increase their stock price by reducing the number of shares outstanding.
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.
Wow, $APRN$ is up 40%! Thank you for explaining the catalyst behind the short squeeze potential, I'll definitely keep an eye on this one 👀.
However, despite this positive news, the stock price has not shown significant improvement. With a relatively high short interest ratio and borrow fee rate, will GME experience another short squeeze like earlier this year? What other changes will the new CEO bring to the struggling company?
I appreciate how you broke down the bearish sentiment surrounding $CVNA$, it really helps me understand the market better 🤓.
Plus new meme stock Pepe has been released!
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?