Meme Stock Frenzy Boosts Krispy Kreme, GoPro, and Retail Giants

1 min read
Source: Reuters
Meme Stock Frenzy Boosts Krispy Kreme, GoPro, and Retail Giants
Photo: Reuters
TL;DR

Retail traders are fueling a rally in highly shorted stocks like Krispy Kreme and GoPro, reminiscent of the 2021 meme stock frenzy, with social media playing a key role in driving interest and potential short squeezes in stocks such as Kohl's, Beyond Meat, and Opendoor.

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