by Fred Fuld III
About a week ago, I heard an analyst on CNBC being interviewed about meme stocks, although he didn’t pronounce it “meeem”, he pronounced it “me-me”. Do you think it was accidental, through ignorance, or on purpose with a hidden meaning?
Whatever you call them, the meme stocks have had a wild ride last year. Surprisingly, a few of them performed extremely well, but many ended up dropping over 40% for the year.
Interestingly, the top performers were GameStock, I mean GameStop (GME) (did I type it that way accidentally or on purpose?), up 688%, and AMC Entertainment (AMC), which rose by 1183%.
The memes that tanked the most were Clovis (CLOV) down 78% and ContextLogic Inc. (WISH), which dropped by 83%.
The following is a list of the meme stocks and semi-meme stocks along with the January 1 to December 31 performance for the year 2021.
| GME | 688% |
| AMC | 1183% |
| CLOV | -78% |
| CRON | -43% |
| DASH | 4% |
| FVRR | -42% |
| HOOD | -49% |
| IQ | -74% |
| OTLY | -61% |
| WE | -27% |
| WISH | -83% |
| BB | 41% |
| SNDL | 22% |
| BYND | -48% |
| SLV | -12% |
Maybe we will see some meme action again this year. What do you think?
Disclosure: Author owns SLV and HOOD.
