The apes of r/Wallstreetbets claimed a small win yesterday. A number of the reddit-based trading group's “meme stock” favorites saw impressive gains late into the Tuesday trading session.
Among the significant gainers were AMC Entertainment ($AMC), Gamestop ($GME), and the recent-IPO ContextLogic ($WISH).
Investor chatter has been trending lower for all of these companies in recent months, mirroring a lack of exciting (upward) price action.
However, >1000 Mentions per day is a significantvolume. These “stonks” clearly haven’t been abandoned,.. there's plenty of diamond-handed retail traders waiting for a ride to the moon.
It remains to be seen whether today’s price action was flash-in-the-pan short covering or a sign of more strength to come, but you can expect to see updates on the situation based on our unique insights.