Paris Gets a Wild Meme Stock as Atos Becomes a Chatroom Favorite
- Stock doubled in four sessions as short sellers pared bets
- Analysts have said shares could become almost worthless
Atos headquarters in Bezons, France.
Photographer: Ludovic Marin/AFP/Getty ImagesThis article is for subscribers only.
The logic-defying swings in shares of Atos SE suggest Paris is experiencing a slice of the meme-stock craze seen in the US.
Analysts have warned that shares of the struggling French technology company could become almost worthless following a restructuring. But Atos stock has defied that assessment.