# The Memes: Tracking the Overall Market North

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Last modified: 2021-08-24

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By Paul Ebeling · 2021-08-24
Tags: Shayne Heffernan on Investments, Stocks, stocks, Paul Ebeling, memes
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#memes #stocks

$GOEV $NAKD $HOOD $GME 

"*Meme stocks are tracking the overall market higher Tuesday*" -- Paul Ebeling

Canoo Inc. ([NASDAQ:GOEV](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](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](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](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!

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