ANOTHER Meme Stock?! This One Is Up 150% In The Last Month
Meme traders are addicted to searching Reddit, Discord, and WhatsApp for undervalued, easily manipulatable stocks to squeeze. First, GameStop and AMC led the charge in 2021, opening up an entire base of new investors. Next, investors flocked to Bed Bath Beyond after it was revealed that Ryan Cohen owned a significant stake in the company, pushing the stock up 300% in 17 days, which then fell sharply in the days following after documents revealed the activist investor had sold his entire stake. Now, attention has shifted to a stock that is down 90% year-to-date, but up 150% over the last month. Read more: Kevin O''Leary Applauds Activist Stake In Wix Stock: ''They Stop Idiot Management From Making Stupid Mistakes'' What happened: Avaya Holdings Corp (NYSE: AVYA ), a company that specializes in … Full story available on Benzinga.com
ANOTHER Meme Stock?! This One Is Up 150% In The Last Month
Meme traders are addicted to searching Reddit, Discord, and WhatsApp for undervalued, easily manipulatable stocks to squeeze. First, GameStop and AMC led the charge in 2021, opening up an entire base of new investors. Next, investors flocked to Bed Bath Beyond after it was revealed that Ryan Cohen owned a significant stake in the company, pushing the stock up 300% in 17 days, which then fell sharply in the days following after documents revealed the activist investor had sold his entire stake. Now, attention has shifted to a stock that is down 90% year-to-date, but up 150% over the last month. Read more: Kevin O''Leary Applauds Activist Stake In Wix Stock: ''They Stop Idiot Management From Making Stupid Mistakes'' What happened: Avaya Holdings Corp (NYSE: AVYA ), a company that specializes in … Full story available on Benzinga.com