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GoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up
UNITED STATES, JUL 23 – GoPro rose 60% Wednesday, Beyond Meat gained 10%, and Krispy Kreme surged 25% amid social media-driven buying despite weak company fundamentals, analysts said.
- On Wednesday, doughnut maker Krispy Kreme, camera maker GoPro and plant-based meat maker Beyond Meat saw shares surge, marking a revival of so-called meme stocks.
- Despite several years of falling profits and revenue, social media buzz and short squeezes spurred the rally, Daniela Hathorn said.
- GoPro surged 60% on Wednesday following a 41% gain on Tuesday, while Krispy Kreme jumped 25% after its prior-day gain and Beyond Meat rose 10% to push weekly gains above 30%.
- GoPro recorded its highest call volume since 2021 with over 56,000 contracts, Bloomberg reported, while call volume on Krispy Kreme hit a record of over 100,000 contracts, a Bloomberg analysis showed.
- It recalls how similar frenzies sent BlackBerry, Bed Bath & Beyond and Chewy soaring, echoing the GameStop chaos that shut down Melvin Capital Management.
44 Articles
44 Articles
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Krispy Kreme and Crocs Reveal Glazed Doughnut-Inspired Clogs
The limited-edition clogs are available for $90 on the Crocs website starting Aug. 5 Courtesy of Krispy Kreme Krispy Kreme and Crocs Classic ClogsDonut try to eat these shoes!Krispy Kreme and Crocs are launching their first-ever partnership with a Croc inspired by a classic glazed doughnut. Slated for release on Aug. 5 in adult sizes, each pair of the limited-edition Classic Clogs comes equipped with customizable icing and sprinkle toe caps. "At…
Wednesday was a busy day for GoPro's shares (GPRO), which experienced an impressive upturn of up to 70%.This rise may have surprised more than one, especially considering that about 10% of GoPro's float was sold short at the start of the day.According to the original report, the company, which has been sailing in difficult waters, aroused the interest of investors in online forums.Despite the enthusiasm, GPRO has seen better days, as even with t…
Meme stock Krispy Kreme will give away free doughnuts just for wearing this popular shoe—here’s when and why
Doughnut lovers, this one’s for you! Starting in August, you’ll be able to purchase limited-edition Crocs clogs inspired by Krispy Kreme’s glazed doughnuts—and also get a free doughnut, simply for wearing the Crocs into the store. The Krispy Kreme x Crocs Classic Clogs collaboration will be available for purchase on August 5, with the footwear coming in a specially branded Krispy Kreme doughnut box. The shoes include two interchangeable toe caps…
Is the hype about the meme blocks starting from the beginning? The stock prices of Kohl, GoPro and Krispy Kreme shot up this week through speculative bets. Critics warn the risky investments. Experts try to determine who could be the next overflyer.
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