Is GameStop Surge After 'Roaring Kitty' A 'FOMO'? Expert Warns 'Retail Investors Need To Be Wary'
Portfolio Pulse from Benzinga Neuro
Douglas Boneparth, a financial expert, warns investors about the risks of meme stocks like GameStop Corp. (NYSE:GME), emphasizing the need for caution and research into a company's business model and long-term plans. GameStop's stock has seen significant volatility, partly due to social media influence, notably from Keith Gill, aka Roaring Kitty. Boneparth advises a more diversified investment approach through ETFs and mutual funds and stresses the importance of long-term thinking.
May 14, 2024 | 9:33 am
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GameStop Corp. (NYSE:GME) is highlighted as a prime example of meme stock volatility, with recent surges attributed to social media influence. Investors are cautioned to research and consider long-term potential over short-term performance.
The article directly mentions GameStop Corp. (GME) and discusses the significant volatility in its stock price due to social media influences and the 'Roaring Kitty' phenomenon. The financial expert's warning about the risks associated with meme stocks and the advice to opt for more diversified investment options suggest a cautious outlook for GME's short-term performance. This analysis is based on the expert's perspective and the recent price actions of GME stock.
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