According to the director of Citadel Securities, retail investors will account for 25% of stock market activity by mid-2020. In early 2021, according to Deloitte, retail trading will be worth the same as mutual funds and hedge funds combined. Millions of young investors frequent Reddit’s “WallStreetBets” thread. Thousands of Redditors purchased GameStop Corp. in response to institutional investors shorting the videogame retailer’s stock. The stock of GME has increased by almost 1000 percent year to date.
Here is Insider Monkey’s list of the 12 best meme stocks to invest in. The corporation creates and launches commercial, academic, defense, and civic satellites and spacecraft. Rocket Lab USA, Inc. reported $29.5 million in revenue, up 237 percent over the previous year. The company’s market capitalization is $6.5 billion. Hut 8 Mining Corp. is a Toronto-based cryptocurrency mining company. On the list of the 12 best meme stocks to invest in, it is ranked 11th. The company was created in 2013 and has a market capitalization of $1.91 billion. On September 8, shares of Vinco Ventures, Inc. rose 14.8 percent. The company’s revenue for the second quarter was $2.69 million. Vinco Ventures’ gross margin improved to 36.06 percent in the first quarter of 2020, up from 22.59 percent the previous year. After Taiwan-based biotechnology company Medigen Vaccine Biologics Corporation announced the launch of their vaccine MVC-COV1901, Dynavax Technologies Corporation saw its shares rise 14.4%. The company’s market capitalization is $2.03 billion. On the list of the 12 best meme stocks to invest in, AMC Entertainment Holdings, Inc. is ranked eighth. As of June 30, 2021, the Kansas-based movie house operated 593 domestic and 335 international theaters. For more details, click 12 Best Meme Stocks To Invest In.