What is a meme stock?

A meme stock is a share of a company that quickly jumps in price due to the attention of a dedicated online following. Meme stocks usually gain popularity through discussion threads on community forum sites such as Reddit and social media platforms. The first successful meme stock was GameStop Corp (GME)

How do meme stocks get popular?

Meme stocks usually gain popularity through discussion threads on community forum sites such as Reddit and social media platforms. The first successful meme stock was GameStop Corp (GME) GameStop may have started the meme stock mania, but others have followed in its footsteps. Today there are entire indexes of meme stocks.

Are new meme stocks a good way to beat the stock market?

Now in year four of the movement, new meme stocks are being created all the time as individual investors look for new ways to beat the stock market. Here are five to do some more digging on (beyond arguably the two most famous meme stocks — video game retailer GameStop ( GME -1.96% ) and the world's largest movie theater chain AMC ( AMC -0.91% ).