Previous close | 10.00 |
Open | 12.00 |
Bid | 10.00 |
Ask | 14.00 |
Strike | 11.50 |
Expiry date | 2024-05-31 |
Day's range | 10.56 - 12.00 |
Contract range | N/A |
Volume | |
Open interest | 95 |
As the meme trade frenzy returns, Bank of America Securities senior internet technology analyst Justin Post joins Catalysts to discuss the potential impact on Reddit (RDDT). Post characterizes Reddit as an "AI beneficiary" but explains that it is still hard to say whether the company will be considered a meme stock in the future. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This article was written by Gabriel Roy
When meme-stock traders' de facto leader posted a screenshot implying he owns over $100 million of GameStop, Andrew Left immediately shorted the stock.
It remains to be seen if prices settle around current levels, which are about 50% higher than before the latest frenzy started. GameStop jumped more than 100% at times earlier this week.