Are penny stocks getting the memestock treatment?

便士股票是否正在接受“迷因股票”待遇?

Behind the Money

2024-03-13

17 分钟
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单集简介 ...

Penny stocks are having a moment. In recent months, little-known companies with names such as Bit Brother and Phunware have been among the most traded stocks in America’s public markets, surpassing companies like Tesla and popular exchange traded funds. The FT’s US markets editor Jennifer Hughes explores why this is happening, and whether retail investors should think twice before diving in. Clip from Paramount Movies Plus, a note on next week’s show: Look for Behind the Money in your feed a day early, on Tuesday, March 19.  We’re doing a special 2-part episode with the Unhedged podcast. One part will be in Unhedged’s feed and the other part will be right here, in Behind the Money’s feed.  We’ll be back to our regular Wednesday schedule the following week.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: The tiny Chinese tea seller whose shares trade more than Tesla’s Stock markets undergo ‘risk reset’ as indices notch new records Retail investors are in no rush to join the latest stock market rally - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Jennifer Hughes (@jennhughes13) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • You'll find one part of the show in the UnHedged stream and another part in our stream.

  • But until then, here's this week's episode.

  • Enjoy!

  • So I'm actually going to play a few clips for you and tell me

  • if you can't hear them But here here goes this morning.

  • I made ten thousand three hundred fifty five dollars and forty one cents in 32 minutes of day trading I turned an account with less than six hundred dollars into more than ten million dollars today I'm gonna teach you how to turn one hundred dollars into thirty thousand dollars in sixty trading days Okay,

  • so Jen.

  • I'm just kind of curious hearing these clips What are you thinking?

  • What does this remind you of?

  • It sounds like the meme stock mania from 2021 when we had those small caps like GameStop and AMC go crazy and everybody was talking about them.

  • What Jen's describing here is how in 2021,

  • struggling companies like the video game store GameStop and the movie theater chain AMC saw their shares take off.

  • The surge in price was propelled by retail investors.