The type of meme-stock targets remain the same. “I think it has a lot to do with retail investors seeing the rise in the last month from the lows in June, and wanting to be a part of that and having some fear of missing out frankly,” said George Catrambone, head of Americas trading and chief operating officer at DWS Group. After laying low through the worst of this year’s sell-off, meme-stock traders have also returned to the market. economy remains on firm footing have bolstered investor confidence and begun to ease restrictive financial conditions. Signs that inflation is falling, that the Federal Reserve may ease its pace of interest rate increases and that the U.S. But experts say that at least some of the driving forces behind a broader market rally over the past two months are also at work. The ferocity of trading is seemingly detached from the fundamental health of the company investors are betting on. “The view of it being just about people with more time on their hands and cash from stimulus checks is a simple explanation for something that I think was more complicated and more tied to financial conditions being looser,” said Alex Lennard, an investment director at Ruffer in London. Yet even as pandemic restrictions have lifted, meme stocks continue to draw attention. At the time, meme-stock trading was attributed to hobbyists stuck at home spending stimulus checks, crusading to topple Wall Street trading houses they felt had rigged the financial system against them. The moves echo a trend that first arose at the height of the pandemic, when stock trading was aided by low-cost apps like Robinhood that made trading easier. But what is driving the latest meme frenzy? Shares in AMC have again captured interest in recent weeks, as have those of the financial services company Magic Empire Global and the grill maker Weber. The turbulence in Bed Bath & Beyond’s stock followed a run-up in the share price of a Hong Kong based company called AMTD Digital, which rose more than 21,000 percent to a peak of more than $1,600 in early August. As of Friday afternoon, the stock remained the most bought and sold on Fidelity Investments’s trading platform. The retailer’s stock rocketed nearly 360 percent from the start of August through Wednesday, before cutting those gains in half by the end of this week. This month, Bed Bath & Beyond, whose surging stock price was swiftly followed by a sharp decline, is in the limelight. Last year, GameStop and AMC Entertainment were the poster children for the meme-stock frenzy. Continued abuse of our services will cause your IP address to be blocked indefinitely.Once thought to be a short-lived phenomenon, it appears the wild trading in so-called meme stocks is here to stay. Please fill out the CAPTCHA below and then click the button to indicate that you agree to these terms. If you wish to be unblocked, you must agree that you will take immediate steps to rectify this issue. If you do not understand what is causing this behavior, please contact us here. If you promise to stop (by clicking the Agree button below), we'll unblock your connection for now, but we will immediately re-block it if we detect additional bad behavior. Overusing our search engine with a very large number of searches in a very short amount of time.Using a badly configured (or badly written) browser add-on for blocking content.Running a "scraper" or "downloader" program that either does not identify itself or uses fake headers to elude detection.Using a script or add-on that scans GameFAQs for box and screen images (such as an emulator front-end), while overloading our search engine.There is no official GameFAQs app, and we do not support nor have any contact with the makers of these unofficial apps. Continued use of these apps may cause your IP to be blocked indefinitely. This triggers our anti-spambot measures, which are designed to stop automated systems from flooding the site with traffic. Some unofficial phone apps appear to be using GameFAQs as a back-end, but they do not behave like a real web browser does.Using GameFAQs regularly with these browsers can cause temporary and even permanent IP blocks due to these additional requests. If you are using Maxthon or Brave as a browser, or have installed the Ghostery add-on, you should know that these programs send extra traffic to our servers for every page on the site that you browse.The most common causes of this issue are: Your IP address has been temporarily blocked due to a large number of HTTP requests.
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