As the meme trade frenzy returns, Bank of America Securities senior internet technology analyst Justin Post joins Catalysts to discuss the potential impact on Reddit (RDDT). Post characterizes Reddit as an "AI beneficiary" but explains that it is still hard to say whether the company will be considered a meme stock in the future. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This article was written by Gabriel Roy
What fundamentals, technicals, and options say about the retailer’s shares and what to do with them.
Both had soared after a Reddit account tied to Keith Gill, the investor known as Roaring Kitty, had posted what appeared to be his position in GameStop on Sunday.