The meme stock movement took a new turn this week after the Robinhood Markets (NASDAQ: HOOD) brokerage app went public through an initial public offering late last week. As many in the investment community can recall, during the retail investor trading frenzy earlier this year that caused GameStop (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) stocks to soar, Robinhood’s platform was overwhelmed, and it needed to restrict buying on some of these names. The trading activity expanded to other heavily shorted stocks, or stocks popular in social media, including fitness and health drink maker Celsius Holdings (NASDAQ: CELH), and the meme stock was born.
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