Clean Energy Fuels was the second-most discussed name among retail traders in last few hours before the bell Wednesday, according to data from HypeEquity.
However, enthusiasm in some of the meme stocks may be fading, with shares of ContextLogic losing their double-digit gain within an hour after markets opened Wednesday. The stock traded 2.8% higher as of 10:25 a.m. ET. ContextLogic is known as Wish.com, an e-commerce platform.
ContextLogic was the most mentioned stock on Reddit s WallStreetBets forum over the last 24 hours behind Clover Health, according to QuiverQuant, which tracks activity on the site. Clean Energy Fuels the fourth most mentioned stock, QuiverQuant found.
(Bloomberg) Wall Street’s top regulator is calling for a broad-based review of the rules that underpin trading in the U.S. equities market.Gary Gensler, the chair of the U.S. Securities and Exchange Commission, said on Wednesday that he asked the agency’s staff to examine issues related to stock trading including so-called best execution requirements. He also said that the stock-trade settlement process could be shortened to the same day.Market trading rules have come under scrutiny amid wild
It s exciting. It s fun, and it s real, Cramer said on Squawk Box. However, he added, If you re going to play it, I think that you can, I don t know, go to the casino. These should be offered at the casino. . Why are they offered at the New York Stock Exchange?
The Mad Money host s comments came as shares of new meme-trader target Clover Health soared again in Wednesday s premarket, and popped nearly 30% at the open, extending the recent wild ride for the insurance company that offers Medicare Advantage plans. However, the Reddit-fueled enthusiasm waned in early trading, and Clover turned negative on the session. At the lows of the morning, Clover stock doubled since Friday s $9 close.