Shares in Gopro are increasing this week that Wall Street Traders is called “Mem Stock”.
Gopro, Krispy kreme and beyond meat, growing – the three companies are part of the meme stock revival, which started Gamestop in 2021.
associated Press Reports The Gopro increased by 41 percent on Tuesday and on Wednesday 2025 increased by 12.4 percent to $ 1.54 per share. The action camera company has struggled in recent years; Falling revenue means that the company last posted an annual benefit in 2022.
However, Steve Sosanic, the chief strategist in interactive brokers, Says Roots That meme stock is losing its influence.
“People realize that there is no fundamental reason for these rallies. They are busy at the intersection of social media and stock market,” says Sosanic.
Another analyst, Capital.com’s Daniella Sabin Hathorn says, “These surge can often fall apart from the basic things of the company and reversed violently. Those traders who chase the speed of no exhaust strategy can be caught in a painful drawdown.”
Meme stock
Many of these memes also come from the stock Sabardit R/Wallstreetbets and X (East Twitter). They are called “short squez”, which occurs when investors have sold borrowing shares, expecting the price to fall, they are forced to buy back at high prices to cover their losses.
The first meme stock was the video game retailer gamestop in 2021. The company was facing major challenges due to the industry move from physical disk to digital download, and many institutional investors were betting on its decline. This changed when individual investor Keith Gill, known online as “Roaring Kitty”, ralled retail traders to buy a large amount of gamestop stocks, increasing its price.
In early 2021, Gamestop shares were trading below $ 5. By Wednesday, they closed at $ 23.96, per per associated Press,
Although early meme stock frenzy has finally lost steam, it has not completely disappeared. The periodic growth has affected other stocks, such as Blackberry, Bed Bath and Beyond, and Chui, since.
Back to 2021, it took just one month for the gamestop share price, which is more than $ 5 more than $ 5 – a level it has not re -arrived. Blackberry also saw a rapid climb that year, growing from $ 7 to about $ 30, although they proved to be short -term. Today, its US-listed shares hover above $ 4.
Earlier this month, a United States Administrative Law Judge (ALJ), a United States Administrative Law Judge of the International Trade Commission, released a “initial assessment”, found that the Insta360 violated the federal law by importing and selling products in the US. The intellectual property of Gopro was violated.
Image Credit: Matte groukeoot
