{"id":272346,"date":"2021-06-11T21:18:00","date_gmt":"2021-06-11T18:18:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chatter-around-meme-stocks-grows-quiet-as-sector-sees-uncertain-end-to-the-weel\/"},"modified":"2021-06-11T21:18:00","modified_gmt":"2021-06-11T18:18:00","slug":"chatter-around-meme-stocks-grows-quiet-as-sector-sees-uncertain-end-to-the-weel","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chatter-around-meme-stocks-grows-quiet-as-sector-sees-uncertain-end-to-the-weel\/","title":{"rendered":"#\n  Chatter around meme stocks grows quiet as sector sees uncertain end to the weel"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40b49bb047d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40b49bb047d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/chatter-around-meme-stocks-grows-quiet-as-sector-sees-uncertain-end-to-the-weel\/#Thornton_McEnery\" >Thornton McEnery<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Chatter around meme stocks grows quiet as sector sees uncertain end to the weel<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000304131\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       After a torrid two weeks of almost non-stop action, things went suddenly eerily quiet in the world of meme stocks on Friday. <\/p>\n<p> As the major meme stocks are likely to end down for the week,  the volume of mentions on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> of companies like <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop<br \/>\n        GME,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203755179\/composite\" class=\"positive\">+0.29%<\/bg-quote><span>,<\/span><br \/>\n       AMC Entertainment<br \/>\n        AMC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200235402\/composite\" class=\"positive\">+8.76%<\/bg-quote><span>,<\/span><br \/>\n       BlackBerry<br \/>\n        BB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202784246\/composite\" class=\"positive\">+0.60%<\/bg-quote><br \/>\n       and MicroVision<br \/>\n        MVIS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208153926\/composite\" class=\"negative\">-5.49%<\/bg-quote><span>,<\/span><br \/>\n       echoed their performance with net social interest in the group down 45% by Thursday compared to the previous week, according to data from HypeEquity.<\/p>\n<div class=\"paywall\">\n       As the volatility in meme stocks volatility lives and dies by the popularity amongst retail traders on social media sites like Twitter, Discord and Reddit \u2013as evidenced almost too perfectly by the rise and fall of Wendy\u2019s<br \/>\n        WEN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204070192\/composite\" class=\"negative\">-2.09%<\/bg-quote><br \/>\n       stock in recent day\u2013 the drop in mentions seems as much a causation as a correlation.<\/p>\n<p>GameStop earnings report on Wednesday put a serious crimp in what had been a potent surge for memes in June, with the company posting strong results that easily beat Wall Street estimates, but also disclosing that the meme stock phenomenon has drawn the active attention of the Securities and Exchange Commission, which has requested documents from GameStop and others in order to get a look at what caused the unprecedented short squeeze in certain stocks back in January and persisted into June.<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of the SEC\u2019s interest spread like wildfire on social media, as did late-breaking news Thursday that the hedge fund most-hated by retail traders, Melvin Capital, has continued to lose billions of dollars even after January\u2019s short squeeze dealt the fund a near fatal blow.<\/p>\n<p>On Reddit, users riding out Thursday\u2019s rough trading indulged in some schadenfreude around Melvin Capital\u2019s pain, with many seeing the continuing bleeding as evidence supporting the popular social media theory that Melvin founder Gabriel Plotkin never covered his short positions on GameStop and AMC after getting a $3 billion infusion from fellow hedge funds Point72 and Citadel LLC.<\/p>\n<p>Speaking of Citadel, another signal that social media mentions had turned from stocks to narrative was the sudden Twitter popularity of musical impresario Kenny G.<\/p>\n<p>The alto saxophonist saw his name trend on Twitter as users, many of them retail traders backing GameStop, tweeted negatively about Ken Griffin, Citadel\u2019s founder who is also the CEO of Citadel Securities, a market maker that executes a massive amount of daily trading volume and who retail traders see as an existential enemy and pejoratively refer to as \u201cKenny G.\u201d<\/p>\n<p>By midday Friday though, some meme stocks were back in the ascendancy, and so were their mentions on social media.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Thornton McEnery\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Thornton_McEnery\"><\/span>Thornton McEnery<span 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Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-74A4-03CADAD0476E%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Chatter around meme stocks grows quiet as sector sees uncertain end to the weel &#8221; After a torrid two weeks of almost non-stop action, things went suddenly eerily quiet in the world of meme stocks on Friday. As the major meme stocks are likely to end down for the week, the volume of mentions&#8230;<\/p>\n","protected":false},"author":1,"featured_media":272347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-272346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=272346"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/272347"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=272346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=272346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=272346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}