Crypto and clean-energy stocks are at the center of the latest meme stock rally sparked by Bed Bath Beyond’s massive surge in recent weeks
Bed Bath Beyond is "king" in this latest meme-stock rally, but clean-energy and crypt is also getting attention, Vanda Research says. Coinbase may see renewed momentum with the upcoming Ethereum blockchain upgrade. Bed Bath Beyond shares have soared more than 380% since a rally was sparked earlier in August. Bed Bath Beyond has been at the fore of a new rally in meme stocks but shares of crypto companies and renewable energy firms have also found favor with retail investors, Vanda Research said Wednesday. The Wall Street Bets community has ramped up participation in the US equity market, highlighted by a "dramatic increase" in purchases of out-the-money call options and cash buying of meme stocks, the firm said in a weekly update. Cash purchases of stocks popular with individual investors were rising towards the highs of early 2022. The firm''s VandaTrack tool monitors retail-investing activity in 9,000 individual stocks and ETFs in the US. "Crypto and clean energy stocks appear to be the trendiest themes at the moment," said Vanda in noting that action as well in "classic" meme stocks such as GameStop and AMC .
Crypto and clean-energy stocks are at the center of the latest meme stock rally sparked by Bed Bath Beyond’s massive surge in recent weeks
Bed Bath Beyond is "king" in this latest meme-stock rally, but clean-energy and crypt is also getting attention, Vanda Research says. Coinbase may see renewed momentum with the upcoming Ethereum blockchain upgrade. Bed Bath Beyond shares have soared more than 380% since a rally was sparked earlier in August. Bed Bath Beyond has been at the fore of a new rally in meme stocks but shares of crypto companies and renewable energy firms have also found favor with retail investors, Vanda Research said Wednesday. The Wall Street Bets community has ramped up participation in the US equity market, highlighted by a "dramatic increase" in purchases of out-the-money call options and cash buying of meme stocks, the firm said in a weekly update. Cash purchases of stocks popular with individual investors were rising towards the highs of early 2022. The firm''s VandaTrack tool monitors retail-investing activity in 9,000 individual stocks and ETFs in the US. "Crypto and clean energy stocks appear to be the trendiest themes at the moment," said Vanda in noting that action as well in "classic" meme stocks such as GameStop and AMC .