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Meme stocks have become a topic of interest since shares of video game retailer GameStop, Inc. (NYSE:GME) witnessed the greatest short squeeze in history earlier this year, fueled by social media buzz. These stocks typically soar due to increased retail investor interest, triggered by chatter about them on social media platforms such as Reddit and Twitter (NYSE:TWTR). While meme stocks are usually risky investments, betting on those with solid growth prospects and strong financials could be rewarding.
BBIG has gained 183% in price over the past six months, while QUAD has slumped 25.6% over the period. Also, BBIG’s 494.9% gains year-to-date compare with QUAD’s 5.8% returns. Furthermore, in terms of past year’s performance, BBIG is the clear winner with 352.8% price gains versus QUAD’s 28.3%.
