Meme Stock Frenzy Returns, Fueled by Retail Investors
Tap title to read story
0:00 / 0:32
Retail investors fueled a meme-stock rally this week, pouring money into heavily shorted, struggling companies like Opendoor and Kohl's. A "conservative" investor wagered $20,000 on Opendoor, while a student invested $2,000 in Kohl's options. This surge in activity, even with record S&P 500 highs, highlights the influence of social media and day trading on market volatility. Some investors even relied on ChatGPT for stock selection.
More context
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
