News & Events

Meme stock ‘phenomenon’ here to stay – expert

June 29, 2021

“The meme stock ‘phenomenon’ and the rise of retail investor participation in global equity markets are ‘here to stay’, a trading expert has claimed.

Garrett DeSimone, head of quantitative research at OptionMetrics, a US data firm, said the recent examples of retail investors piling into stocks being shorted by hedge funds to undermine their strategies are likely to be repeated.

He said: ‘The way the rallies have been orchestrated through social media is something we have not witnessed before and I believe this method of trading – this phenomenon – is here to stay.‘”

Read the full Global Investor Group article, “Meme stock ‘phenomenon’ here to stay – expert,” below to gain more insight on meme stocks from OptionMetrics’ Garrett DeSimone.