GameStop stock surges over 70%—but investors should still be wary of 'meme stocks'
Publishing timestamp: 2024-05-13 17:37:53
Summary
GameStop's share price soared by around 70% on Monday, leading to a rally in meme stocks. Short sellers lost $1 billion due to the sudden price rise. Investors are advised to research company's core business model before investing in meme stocks and consider a more hands-off approach like investing in ETFs or mutual funds.
Sentiment: MIXED
Tickers: GME,
Keywords: personal finance, gamestop corp,