NEW YORK (AP) — Investors occasionally scoop up shares of companies whose financial prospects appear dim. The consensus around such companies is that the shares should, if anything, fall further. But they suddenly get touted in online forums and take off for no fundamental reason. Wall Street has dubbed them “meme stocks.” Here are some characteristics of meme stocks: Poor …
Read More »What makes a meme stock? Online enthusiasm for a beaten down company with doubtful prospects
