With an excess of stimulus money and time on their hands, people’s attention landed on commission-free trading platforms, leading to an exuberant rise in prices this year.
Now, with vaccines rolling out, final stimulus checks being spent and warm weather returning, attention is returning to socializing and traveling.
Memes Fall Flat: So goes the explanation for why prices in meme stocks have been flat since the frenzy reached fever pitch in late January, according to Bloomberg.
Searches for “Google flights” reached their a popularity score of 100 (the highest possible for a given period of time) in the past week, while searches for phrases like “stock trading” and “investing” have plunged, Bloomberg said, citing Google Trends data. …
Read the full story at Benzinga.com and see the full list of items written for the trading news site at my author page.