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Meme-stock mania might be back, but old heads may have noticed that the moves this time around are lacking a certain explosiveness.
To be sure, stocks like Opendoor Technologies Inc.
OPEN, Kohl’s Corp. KSS, GoPro Inc. GPRO and Krispy Kreme Inc. DNUT have still tallied huge moves. But the action has lacked a certain squeeze-y quality that was evident when GameStop Corp. GME took off in January 2021. During that month, shares of the struggling videogame retailer climbed more than 2,400% at their peak.
This post was originally published on Market Watch
