# Meme Report: Thursday's Winners

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Last modified: 2021-10-08

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By Paul Ebeling · 2021-10-08
Tags: Shayne Heffernan on Investments, stocks, Paul Ebeling, Knightsbridge Insights, meme, Memes
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#meme #stocks

[$NIO ](https://finance.yahoo.com/quote/NIO?p=NIO&.tsrc=fin-srch)[$WISH](https://finance.yahoo.com/quote/WISH?p=WISH&.tsrc=fin-srch)

Nio Inc.’s ([NYSE:NIO](NYSE:NIO)) stock was up solidly Thursday, following a rating upgrade from Neutral to Buy with a price target of 56 at Goldman Sachs. The premium EV carmaker’s ET7 model was cited as the major reason for the upgrade. Goldie analyst Fei Fang forecasts a 65% upside from the stock’s current price.

The stock’s 52-wk range is 21.17 - 66.99. The average daily trading volume is about 44.3-M/shares, and more than 67-M/shares changed hands on the day.

ContextLogic Inc. ([NASDAQ:WISH](NASDAQ: WISH)) saw its stock downgraded from Perform to Underperform at Oppenheimer Monday. The stock’s price target was maintained at 4. Oppenheimer said that “*the company is facing a perfect storm of negative challenges heading into 4Q*.” 

Shares of ContextLogic traded up 6%, at 5.23 in a 52-wk range of 4.61 - 32.85. The average daily trading volume is around 40.8-M/shares, and  33.5-M/shares traded on the day.

Have a prosperous day, Keep the Faith!

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