Meme Stock Euphoria Spreads as Retail Traders Pick New Wagers
Workers hold a tray of doughnuts inside a Krispy Kreme Doughnuts Inc. store in the Times Square neighborhood of New York.
Photographer: Angus Mordant/BloombergMeme stock mania is spreading to a growing number of speculative stocks, underscoring the appetite among retail traders for riskier bets with the market at all-time highs.
Chatter across social media platforms first fixed on Opendoor Technologies Inc. but has since expanded to other heavily discounted names like Kohl’s Corp., GoPro Inc. and Krispy Kreme Inc., sending them all flying to eye-popping rallies.