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What is a Meme Stock?

Hard to define, but investors should know it when they see it.

Ruth Saldanha 22 June, 2021 | 8:00
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Guy with sunglasses at a slot machine

A meme stock is a pure child of the 2020s. There’s no clear definition. It isn’t a value stock or a growth stock. It just… is.

Jokes apart, meme stocks are stocks that see dramatic price increases, mostly fuelled by people on social media (primarily Reddit, Twitter and Tik Tok). These stocks rarely have company fundamentals that back the rise in price, and are often highly volatile. So why do people buy them?

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About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca

 
 

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