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Meme stocks are roaring again. This time may be different

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GameStop and other meme stocks are roaring once again, surging to dizzying heights suddenly and sharply.

FILE - An AMC movie cinema is shown before opening Friday, Jan. 29, 2021, in Garland, Texas. Some things are different this time. The biggest change from the initial supernova for GameStop's stock is how the experience of 2021 makes this all feel familiar. That familiarity, plus some changes in the market, should allow Wall Street to more easily digest the movements without danger to the overall system, experts say.

“Do we think more retail traders can jump in on the trend in the coming days? Yes,” according to Marco Iachini, senior vice president at Vanda Research. “Do we think this is a repeat of 2021? No, and the chances we reach that stage are low.” Such a short squeeze likely contributed to GameStop's thrilling ascent in 2021, but the SEC"s staff said it was a small fraction of the overall purchases and that GameStop's stock stayed high even after short sellers had gotten out of their trades.

 

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