New York CNN —Meme stock mania is back.
Meme stocks saw a resurgence last month after Keith Gill, an investor who helped stoke the meme stock frenzy in 2021, made his first post on X in three years.
For many traders who experienced the original meme stock craze, the phenomenon has prompted a wave of deja vu.
Still, there are key differences between the reignited 2024 meme stock craze and the original in 2021.
While GameStop shares have surged in recent weeks, it is still down 65% from its record high closing price in 2021.
Persons:
Keith Gill, ” Gill, Gill, —, that’s, Craig Sarembock, ”, Joe Biden, Donald Trump, Trump, Biden, Samantha Delouya, That’s, Elon Musk, OpenAI, Hanna Ziady, ” Musk, Apple
Organizations:
CNN Business, Bell, New York CNN, stoke, GameStop, CNN, Federal Reserve, Bartlett Wealth Management, Global, ExxonMobil, Chevron, ConocoPhillips, EOG Resources, Schlumberger, Apple, SpaceX, Bluetooth, OpenAI, Developers
Locations:
New York, United States, OpenAI