Home Featured Meme Stocks: Robinhood Markets the Big Winner

Meme Stocks: Robinhood Markets the Big Winner

by Paul Ebeling

#stocks#meme

$HOOD $SOFI $AMC $WISH

Robinhood Markets Inc. (NYSE:HOOD) were the most heavily traded shares on US exchanges, according to data from Fidelity. Buyers had placed 58% of the trade orders.

Robinhood Markets (HOOD 63.12, -7.27): -10.3% after filing a 97.9-M share A common stock shelf offering by selling shareholders. HOOD shares climbed 50% Wednesday.

SoFi Technologies Inc. (NASDAQ:SOFI) is scheduled to post quarterly earnings next wk, and investors appear determined to boost the stock’s price ahead of the August 12 report. According to Fidelity data, 56% of Wednesday morning’s trade orders were buys. The past couple of trading days have generated some “buy-the-dip” action, for the 3rd time in the past 3 wks.

AMC Entertainment Holdings Inc. (NYSE:AMC) cannot stop its decline. The stock has dropped more than 50% since early June. The interesting thing about Wednesday’s action is that 70% of orders on Fidelity are buy orders. As the share price goes down, demand for the shares rises.

ContextLogic Inc. (NASDAQ:WISH) also traded lower Wednesday. While the company’s share price fall has not been as long as AMC’s the picture it Bearish.

Have a prosperous day, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.