# Meme Stocks: Robinhood Markets the Big Winner

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Last modified: 2021-08-05

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By Paul Ebeling · 2021-08-05
Tags: Shayne Heffernan on Investments, Stocks, stocks, Paul Ebeling, Featured
Signed: no (published before platform launch).
Nothing in this article is investment advice.

[#stocks](https://www.livetradingnews.com/tag/stocks)[#meme](https://www.livetradingnews.com/tag/meme)

$HOOD $SOFI $AMC $WISH

Robinhood Markets Inc. ([NYSE:HOOD](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](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](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](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.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

Have a prosperous day, Keep the Faith!

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