Home Paul Ebeling The Memes Leading Gainers

The Memes Leading Gainers

by Paul Ebeling

#meme#stocks

$MMAT $SPCE $WKHS

The leading gainer Thursday in our meme stock portfolio was Meta Materials Inc. (NASDAQ:MMAT). The company had no news, but CEO George Palakiris continues to delight some retail investors with his Tweets. For some stocks, that is all there its and it is enough.

Another of the day’s gainers was Virgin Galactic Holdings Inc. (NYSE:SPCE), despite a FAA investigation into a deviation from the flight path of the space flight that carried Sir Richard into space. The company was able to deflect some of the weight such an investigation typically brings by announcing a crewed mission for later this month or in October to study the effects on the human body of “the transitional phase from gravity to microgravity.”

Workhorse Group Inc. (NASDAQ:WKHS) traded higher Thursday, despite a revelation Wednesday from a short seller that an SEC investigation into the company is continuing. Short seller Fuzzy Panda Research also alleged in a letter to new Workhorse CEO Richard Dauch that the company, under former CEO Steve Burns, did not have deposits or purchase orders for the backlog Workhorse claimed.

Workhorse traded up about 2.0% to 9.3o, in a 52-wk range of 7.07 – 42.96. The trading volume was 11-M+ shares.

Have a happy, healthy holiday weekend, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 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.