Sign In  |  Register  |  About San Anselmo  |  Contact Us

San Anselmo, CA
September 01, 2020 1:33pm
7-Day Forecast | Traffic
  • Search Hotels in San Anselmo

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Meme Stocks Surge Led by ‘Roaring Kitty’ and Social Media Buzz on Reddit (NYSE: RDDT), GME, DYAI, AMC, PRSO, NVAX

Meme Stocks Surge Led by 'Roaring Kitty' and Social Media Buzz on Reddit (NYSE: RDDT), GME, DYAI, AMC, PRSO, NVAX

Market activity has picked up, with meme stocks outperforming broader market trends. Interest in these stocks has surged, largely driven by the online influencer known as "Roaring Kitty," who ignited a social media frenzy on Reddit Inc. (NYSE: RDDT) involving GameStop (NYSE: GME) previously. Currently trending stocks on Yahoo Finance include GameStop (NYSE: GME), AMC Entertainment (NYSE: AMC), Dyadic International Inc. (NASDAQ: DYAI), Novavax Inc. (NASDAQ: NVAX), and Peraso Inc. (NASDAQ: PRSO), among others.

GameStop (NYSE: GME) saw a value surge last week following the announcement of a successful equity offering. The company raised $933.4 million by selling 45 million shares. This capital injection is expected to bolster GameStop's financial stability and support its ongoing strategic transformation efforts.

Dyadic International Inc. (NASDAQ: DYAI), a biotech company specializing in protein manufacturing for vaccines, therapeutics, biofuels, and next-gen foods, hit a new 52-week high of $2.42 on May 30, 2024, up 103% from its low of $1.19. The stock's 50-day and 200-day moving averages are $1.6631 and $1.6521, forming a "Golden Cross" on May 30, 2024, and showing a "Jack in the Box" pattern with a Bullish Swing Set-Up on May 31, 2024. With the bird flu outbreak escalating, the U.S. government is discussing an avian flu vaccine with Moderna (NASDAQ: MRNA). Companies like Pfizer (NYSE: PFE), Novavax (NASDAQ: NVAX), BioNTech (NASDAQ: BNTX), and Dyadic International Inc. NASDAQ: DYAI are potential collaborators. Dyadic's COO, Joe Hazelton, talked about the bird flu threat, the company's expansion into next-gen foods, and the "Food vs. Fuel" debate on "The Street Reports Podcast." Listen now for more insights and for the latest developments in more detail, read more.    

AMC Entertainment Holdings, Inc. (NYSE: AMC) has experienced a significant short squeeze over the past few weeks, with the stock rising approximately 45% since May 10, 2024. Last month, the company raised $250 million by selling 72.5 million shares.

Pesaro Inc. (NASDAQ: PRSO) Recently, Panasonic System Networks R&D Lab Co. Ltd. (PSNRD) has chosen its X710 chipset for a new 60GHz WLAN solution. This integration will enable wireless communication with low latency and high speeds, similar to a wired LAN, over hundreds of meters. The selection of Pesaro's chipset by Panasonic, a global leader in consumer and enterprise technology, is seen as a significant endorsement of Pesaro's technology. Additionally, on June 4, Pesaro announced that it has achieved ISO 9001-2015 certification, a global quality management standard that underscores the company's commitment to customer satisfaction and quality in its mmWave solutions and products. These advancements could represent a significant paradigm shift in the wireless communication industry.

Reddit Inc. (NYSE: RDDT) commenced trading on the NYSE on March 21, 2024, following its IPO at $34. As of today, June 5, 2024, the stock closed above $60, marking a 76% increase since its debut. The IPO raised $750 million for the company.

 

Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.

Media Contact
Company Name: The Street Reports
Contact Person: Editor
Email: Send Email
Country: United States
Website: http://www.thestreetreports.com


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanAnselmo.com & California Media Partners, LLC. All rights reserved.