The Memes: Virgin Galactic Wednesday's Big Loser
#meme #stocks
AMC Entertainment Holdings Inc. (NYSE:AMC) got a lift Tuesday when CEO Aron said that the theater chain was working on a system to accept Bitcoin for payment. The shares are off 60% since 2 June.
AMC traded down about 4% to 30.50, in a 52-wk range of 1.91 to 72.62.
Meta Materials Inc. (NASDAQ:MMAT) announced Wednesday morning that it will be reporting quarterly earnings after markets close Thursday. Meantime, holders of Meta stock are still waiting for that special dividend payment they were promised when they bought Torchlight Energy stock ahead of the reverse merger in late June that created the company.
Robinhood Markets Inc. (NASDAQ:HOOD) took a bit of a hit Wednesday, likely the result of Tuesday's announcement that the company is going to spend $140 million to acquire Say Technologies, a company that offers a platform that can help shareholders cast their proxy votes. Following its IPO, Robinhood had an estimated $6.4-B in cash, so the acquisition represents just over 2% of the company’s cash pile.
Virgin Galactic Holdings Inc. (NYSE:SPCE) was Wednesday’s big loser among the meme stocks. The company’s share price was mostly due to reports of customers lined up to pay $450,000 for a spin in space is not very long.
Virgin Galactic stock traded down about 13.78% to 27.2 in the Noon hr Wednesday. The stock’s 52-wk range is 14.27 - 62.80, and the average daily trading volume is 41.7-M/shares.
Have a prosperous day, Keep the Faith!
Palantir Stock (PLTR): BUY Rating, $250 Price Target — The 40% Dislocation
Palantir is down ~40% in 2026 even as Q1 revenue grew 85% and management guided FY2026 to $7.66B. Shayne Heffernan issues a BUY on PLTR with a $250 price target — full breakdown of the business, customers, five-year revenue, every major Wall Street bank target and the corporate outlook.
Larry Fink Called It. CME Just Made It Real. The Compute Futures Market Has Arrived
The Quantum-AI Convergence Is Real. The Quantum Stocks Aren't the Trade.
Saudi Arabia Climbs to 2nd in G20 ICT Regulatory Index
Every story, signed and delivered.
Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.