Reported 2 days ago
Recently, Krispy Kreme, GoPro, and Kohl's have emerged as new meme stocks, experiencing share price increases of 25% or more in a short period without any significant company news. This surge is attributed to excitement among Reddit traders who promote stocks for quick gains. While such investments can yield rapid profits, expert warnings highlight the high risks, as stock prices can also plummet just as quickly once the hype fades.
Source: YAHOO