Reported 4 months ago
Retail investors are returning to meme stocks like GameStop as Keith Gill, also known as 'Roaring Kitty,' increased his position in the company, causing a surge in share prices. However, experts warn that the meme frenzy is risky, with potential for significant losses. Despite the hype, analysts note that GameStop's massive moves are not backed by fundamentals, as the company's preliminary first quarter results show a decline in sales. The stock's volatility continues to attract attention, but experts caution against getting caught up in the frenzy.
Source: YAHOO