From Krispy Kreme to GoPro, has meme-stock trading frenzy returned?
The news article discusses the resurgence of the "meme-stock" trading frenzy, where shares of struggling retailers and consumer brands like Krispy Kreme and GoPro have experienced a sudden surge in value. This phenomenon is reminiscent of the GameStop craze that occurred in 2021, where amateur traders, primarily from the Reddit forum, challenged Wall Street's skepticism and drove up the prices of these stocks. The article suggests that the current meme-stock rally could be even more significant than the previous one, as more investors, inspired by the success of the GameStop saga, are now joining the movement. The article highlights the ongoing battle between Wall Street's skepticism and the determination of amateur traders to defy conventional market wisdom.
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