Published on 27 Nov 2021 on Insider Monkey via Yahoo Finance
In this article, we discuss the 10 meme stocks that more than doubled in 2021. If you want to skip our detailed analysis of these stocks, go directly to the 5 Meme Stocks that More than Doubled in 2021.
Meme stocks have exploded in popularity at the stock market. According to a study by investment bank Goldman Sachs, retail traders are on track to invest more than $400 billion into stocks this year. Most of this money will go into the day trading market where meme stocks are usually an asset.
Some reports suggest that hedge funds have raked in losses worth $12 billion by betting against these meme stocks this year, with some short squeeze battles still playing out at the market. Meanwhile, a list of stocks favored by retail traders, maintained by Goldman Sachs, has registered impressive gains this year. This retail investor boom has led to active monitoring of Reddit forums as institutional investors try to stay ahead of the game.