Meme stocks include GameStop, AMC, and BlackBerry. While the companies themselves have not performed well in recent years, all three stocks went viral on a popular Reddit forum, and saw massive price hikes in early 2021, on Jan. 27 to be precise. BlackBerry’s stock more than tripled, while AMC increased by nearly tenfold. But neither saw the same viral growth of GameStop, whose share price increased by hundreds of dollars in a matter of days.
Are Meme Stocks here to stay or os this a temporary, what does this mean for institutional, HNWI, Retail Investors and family offices?
Dr. Jeremy Sosabowski is Co-founder & CEO at AlgoDynamix, an AI forecasting analytics company providing hours or days advance warning of major directional market movements. He recently wrote a chapter on ‘Financial forecasting and portfolio optimization in the 21st Century’ in the global bestseller ‘The WealthTECH Book’, Wiley editions. His 'IP portfolio' includes several granted patents and more than 10 peer-reviewed publications.
AlgoDynamix was started in 2013 with software based on many years of academic research at the University of Cambridge, where the team met. AlgoDynamix have offices in Cambridge (UK) and London. Since its inception, AlgoDynamix has grown to become one of the most innovative fintech companies in the industry.