Meme Stock Mania Escalates as Vinco Ventures, Support.com Surge
- Pair of stocks soar after becoming short-squeeze targets
- Companies have ballooned in value after red-hot week
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Vinco Ventures Inc. and Support.com Inc. surged to extend rallies fueled by retail investors in chatrooms like StockTwits and on Reddit.
The pair of stocks jumped more than 30% each Monday in New York, extending gains from last week, when Vinco Ventures more than doubled and Support.com almost tripled. The rallies came as individual investors attempted to pump their bets on Twitter, Reddit’s WallStreetBets and chatrooms on Stocktwits.