AMC is no longer the top stock holding of Gen Z investors. Plus, the bull case for Cameco and surging energy stocks
- Meme stocks came onto the stage in 2021 as retail traders drove massive rallies in some names.
- The trend may be fading though, as retail traders rotate into cryptocurrencies.
- Crypto regulation will legitimize the asset class and lead to further adoption among retail investors.
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One year since GameStop started it all, the meme stock craze is fading.
Last January, millions of retail traders banded together to drive eye-popping rallies in highly shorted, nostalgic companies, like GameStop, AMC Theaters, and BlackBerry. Day traders minted a new asset class dubbed the "meme stock" and regularly added new companies to the basket over the course of the year. At one point a tiny Danish biotech company …
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