Investors seek bargains as meme stocks like Krispy Kreme, GoPro, and Beyond Meat surge before leveling off. Kohl’s and Opendoor Technologies fell sharply, showcasing the volatility of meme stocks. Wall Street defines meme stocks as those driven by social media hype rather than financial performance.

Krispy Kreme, GoPro, and Beyond Meat see temporary surges, but each company faces challenges. Krispy Kreme has seen falling profits and pulled financial forecasts. GoPro’s revenue has been sliding, and Wall Street predicts a slight profit in 2025. Beyond Meat struggles to turn a profit since going public in 2019.

Kohl’s and Opendoor Technologies lose momentum after sharp gains, facing challenges like weak sales and a tough housing market. The original meme stock GameStop saw a resurgence in 2021, led by investor Keith Gill. Meme stock craze occasionally reignites but often fizzles out quickly.

Read more at Yahoo Finance: Krispy Kreme, GoPro and Beyond Meat surge as the latest meme stock revival rolls on