To search for trending meme stocks, be sure to visit MarketBeat’s Meme Stock list to compare companies based on figures like share price, short interest, social media engagement, market cap and volume. And remember that a meme stock is a short term trade, not a good investment for the long run. Additionally, Intercept is the perfect candidate for a short squeeze. Again, doesn’t sound like much — but it’s quite a bit when the total float is only 28.3 million shares. It’s also worth noting is that Intercept only sees an average of 1.11 million shares trade hands daily.

Top meme stocks now

With acquisitions as its only weapon, Blink Charging will likely struggle over the long run. To begin with, Reddit investors are often younger, and young people are more likely to demand action be taken to curb climate change. the best forex trading books Beyond just pushing away from fossil fuels, ancillary players like Blink Charging will need to step in to help provide the infrastructure for an army of EVs that’ll be hitting the roadways in the coming years.

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It’s vital to control your emotions should you take a position in a social media meme stock. Remember, they are best for trading as underlying fundamentals tend to be weak, which causes bears to short the What is lot in trading stock, resulting in high short interest. The more irrational it is, the more likely short-sellers get involved and the more potential it has to short squeeze.

1. And, as hard as it is, if you’re going to invest in meme stocks you’re going to need to be able to stomach volatility and be fine with losing out.
2. Stock manipulation on Reddit surged in May, Rehl said, adding that it took time for spammers and bots to learn the intricacies of investing subreddits’ rules and find loopholes.
3. All this seems like very bearish news, so its short interest rose to 27%.
4. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.

How to trade meme stocks

Data like volume and short interest can help spot good meme candidates. And then trading tools like moving averages, momentum oscillators and support/resistance concepts can narrow down entry and exit points to maximize profit. Technical and fundamental analysis has been applied to stock research for decades, and meme stock prices are influenced by many of the same factors as other volatile stock segments.

That’s because, as stocks’ valuations come down, the share prices of many companies,  including Microsoft, have fallen meaningfully, making these names more attractive to many retail investors. But the video prime by ads securities review game retailer’s business is certainly declining. The surge of its stock wasn’t caused by any real changes in its underlying business. Rather, speculation and a stampede by retail investors resulted in a tremendous rally by GME stock which was unexpected by most. When online investors understood the short positions against GameStop, people took it on as a Robin Hood-like adventure (often using the trading app Robinhood to do so). As a result, hordes of investors started buying GameStop stock, making it very expensive for the hedge funds to buy back from their short positions.

The company has seen declining sales and has pushed back its 10-K report, and received a non-compliance listing notice from the New York Stock Exchange on June 7, 2023. All this seems like very bearish news, so its short interest rose to 27%. If you still want to try to take advantage of the meme stock frenzy, you can do it responsibly.

Other meme stocks emerged after GameStop, some with varying degrees of success. The other notable factor is the combination of short interest and short ratio (also known as “days to cover”). As of May 28, Blink had nearly 12.5 million shares held short and a float of 35.9 million shares. More importantly, Blink Charging has seen just shy of 3.5 million shares trade hands daily over the past three months.

While Tupperware Brands currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys. T-cells are white blood cells responsible for fighting infections. The process involves extracting a patient’s T-cells and modifying them to produce specific receptors on the outside known as chimeric antigen receptions (CARs). These CARs are multiplied in heavy quantities in a lab and re-infused into the patient’s body.

If you’re just investing in a company that Wall Street says would make a good short sell, “you’re probably investing money in a company that stinks,” Tuttle says. And making money trading them has never looked easier — or more fun. But before you really go YOLO with your life savings there are some things to keep in mind. The incredible surge of GME stock last year, which took its shares from around $4 in mid-2020 to more than $480 per share in January 2021, was one of the most incredible near-term short squeezes I’ve ever seen. Indeed, GameStop’s parabolic surge really was something to behold. The sorts of short squeezes and parabolic moves that have proliferated really defied the rules of theoretical finance.

Just as important as finding the next hot meme stock is avoiding common trading mistakes. While financial advisors also tend to suggest buying and holding stocks, instead of trying to time the market, meme stocks are probably not buy-and-hold stocks, Tuttle says. You’ll want to put in place some kind of exit strategy, like selling some of your investment if the stock becomes too big a percentage of your portfolio. After the GameStop incident, some hedge funds suffered significant financial losses, while some retail investors made millions.

Spammers come out of the woodwork, often after previously getting banned, and copy-paste conversations to generate awareness about a stock they want to push, which is atypical for most conversations on Reddit. But lesser-known investing subreddits can be plagued by manipulators like spammers and bots. The former are “bagholders” who made an ill-timed purchase and repeatedly post about a stock to boost its price so they can sell it higher, Rehl said. They’re “not a bad person, they’re just in a bad spot,” he added. Meme stocks rely on the fear of missing out (FOMO) and short-squeezes to accelerate and maintain their altitude. FOMO drives the pain of a missed meme stock, making you anxious to jump on the next big meme stock.

Blink Charging

Our Stock Screener matches your ideas with potential investments. But the reemergence on May 12 of Roaring Kitty, who had been largely absent from social media and the public eye since 2021, appears to have revived this trade—to some extent. Of course, trying to jump on the front of the parade has its risks too.