Meme Stocks Lifted by Wall Street as Day Traders Stand Down
- Vanda sees Wall Street driving recent volatility, not retail
- Express, GameStop drag meme stock basket lower after jump
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Wall Street pros are stepping in to fuel the latest bout of meme-stock volatility amid signs of individual investor fatigue.
That’s according to data compiled by Vanda Research, a firm that tracks retail flows in the U.S., which showed weak demand for retail-trader favorites after basket of 37 of those companies posted their biggest gains since June on Tuesday.