32 min listen
Evening Edition: "Meme Stock" Madness & Buyers' Remorse
Evening Edition: "Meme Stock" Madness & Buyers' Remorse
ratings:
Length:
15 minutes
Released:
May 15, 2024
Format:
Podcast episode
Description
Meme stocks are back to shaking up the market, with GameStop shares up 60% Tuesday (adding some $12B in market value this month) and AMC Entertainment shares up 32% (adding $2B in value).
The man who kicked off the “meme stock” trend in 2021, Keith Gill, set the market in motion just by pushing out a single tweet. Amateur traders are once again investing in the trend, trying to get rich quick. Fox Business Contributor and President of Kaltbaum Capital Management, Gary Kaltbaum, joins the Evening Edition to explain why this fad could be a double-edged sword for investors.
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The man who kicked off the “meme stock” trend in 2021, Keith Gill, set the market in motion just by pushing out a single tweet. Amateur traders are once again investing in the trend, trying to get rich quick. Fox Business Contributor and President of Kaltbaum Capital Management, Gary Kaltbaum, joins the Evening Edition to explain why this fad could be a double-edged sword for investors.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
May 15, 2024
Format:
Podcast episode
Titles in the series (100)
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