Home Paul Ebeling The Memes: Tracking the Overall Market North

The Memes: Tracking the Overall Market North

by Paul Ebeling

#memes #stocks

$GOEV $NAKD $HOOD $GME

Meme stocks are tracking the overall market higher Tuesday” — Paul Ebeling

Canoo Inc. (NASDAQ:GOEV) jumped more than 30% Monday on unusually heavy volume. Begging the Q are retail investors revving up a short squeeze. The average daily trading volume is around 4-M shares, and about 4.7-M already had traded Tuesday. The stock is trading at 7.48 at press time on 6-M+ shares.

Naked Brand Group Ltd. (NASDAQ:NAKD) stock rose about 10% last Friday, traded mostly flat Monday and was up by more than 14% at Noon Tuesday. Last Friday, the CEO said the company had reached a preliminary agreement on a potential acquisition. The halo is glow.

Robinhood Markets Inc. (NASDAQ:HOOD) got lots of analyst calls Monday, the day the official quiet period on the stock ended. The shares rose by more than 5% on Monday and have moved up by more than that so far Tuesday. Robinhood was up more than 10% to 49.00, in a post-IPO range of 33.25 – 85.00. The average daily trading volume is around 43-M, and about 15-M shares have changed hands so far.

Meme favorite GameStop Corp. (NYSE:GME) had no news. The stock was rising again after putting up a 3.5% gain Monday. Perhaps the overall movement toward equities is driving the price up. At press time the stock is up about 26% at 206.56 on 10-M+ shares.

Have a prosperous day, 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.