JIM WATSON/AFP via Getty Images Americans’ interest in “meme stocks” may be dwindling.
Earlier this year, traders communicating via online social networks collectively agreed to purchase stock in GameStop , AMC Entertainment , and cryptocurrencies such as Dogecoin . However, recent search engine data reveals a declining public interest among amateur stock trading. One factor that turns a stock into a meme stock is that it attracts the attention of new traders who are committed to trading with hoards of buyers.
These new traders tend to be novice traders, and they seek information like novices at anything else: they […]
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