Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills
Paper hats and cups of doughnut holes inside a Krispy Kreme Doughnuts Inc. store in Louisville, Kentucky.
Photographer: Luke Sharrett/BloombergIt was once a symbol of rebellion against the well-heeled Wall Street establishment. Today, it’s just another day in markets.
This week proved the point. Opendoor surged 43% in a single day. Krispy Kreme rallied 39% in a matter of hours. GoPro briefly spiked 73%. Reddit message boards lit up once again with rocket emojis and call-option bravado.