Reported about 22 hours ago
Amateur traders are reigniting the meme-stock frenzy reminiscent of 2021, as shares of struggling brands like Kohl's, GoPro, and Krispy Kreme see significant surges. This renewed interest is attributed to a more decentralized financial analysis landscape, with retail traders leveraging social media to influence stock prices. Jaime Rogozinski, founder of the wallstreetbets Reddit forum, suggests this latest rally could potentially surpass previous ones, signaling a shift in how retail investors engage with the market and emphasizing the power of community and idea-sharing over traditional financial metrics.
Source: YAHOO