What year is this? Is it 2021?
Because the “meme stock” trend is back again.
Remember that? Back in that year investors on Reddit helped drive up the price on stocks like GameStop, AMC and others. It all eventually calmed down and all was fairly normal in the stock market universe, as normal as that can be.
But then, one tweet over the weekend sparked the mass hysteria all over again, with financial analyst Keith Gill — AKA Roaring Kitty — tweeting for the first time in years with a meme. All of a sudden, GameStop was on the way up again, and Roaring Kitty’s next set of tweets (again, just a bunch of meme, no explicit instructions or anything!) seems to have sparked investors again.
Here are the stocks they’re reportedly buying:
(Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)
The price shot up over a reported 130%.
(Photo by Scott Olson/Getty Images)
This one jumped on Tuesday before the markets opened.
Read More: Meme stocks from AMC to GameStop getting Roaring Kitty boost