Posts tagged stock market

Digital World, the Newest Meme Stock of 2021

Since its IPO on Wednesday, Oct. 20, at $10 a share, Digital World Acquisition Corp. (DWAC) has seen a meteoric rise in value and popularity. This past week, it was one of the most traded stocks on the New York Stock Exchange (NYSE). It had a volume of more than 90 million and soared to $175 a share, well over a 1000% increase in a single day.

All this leads to the question: How is an obscure media company with a market cap of only $2 billion one of the hottest new stocks on Wall Street?

Business, CityLuke KerleyNovember 3, 2021stocks, stock market, wall street, luke kerley, meme stock, Secondary FeatureComment

Understanding the Historic Rise and Fall of Gamestop Stock

The wild ride of the video game retailer GameStop’s stock has been the biggest financial story of early February. On Jan. 4, the stock was valued at $19 per share. 24 days later, the stock price hit $483 per share. From the start of 2021 to the stock’s highest point, the stock endured a 2442% percent increase. However, the reason for GameStop’s astronomical rise has little to do with the company’s performance.

CultureGraham McNallyFebruary 19, 2021Graham McNally, culture, gamestop, wallstreetbets, wsb, reddit, subreddit, stock market, SecondaryFeature, Secondary Feature, secondary feature