![]() ![]() ![]() But, given the strong potential of its underlying business, shares could still take “to the moon” again, even without the boost of the meme stock phenomenon. Yet, progress in this area could also produce a short-term boost for the stock.Īdmittedly, a repeat of the run-up in BTX stock is going to hinge on the Reddit stock community piling back into it. This portion of its timeline may be more years in the making. Recently, the company has moved into mRNA-based gene-editing and cell therapies as well. According to its May 2021 investor presentation, this therapy is currently in Phase 2b trials. The main therapy in its pipeline? Its IRX-2 cytokine therapy for the treatment of head and neck cancer. But, this clinical-stage company still has tremendous potential with the therapies in its pipeline. So, with the meme stock hype seemingly played out, why might this be an appealing opportunity, albeit one that’s a gamble? Speculators may have gotten ahead of themselves. Yet, as the bubble that formed within it faded, shares have since given up most of their gains, and trade for around $15 per share today. Becoming one of the hottest meme stocks out there, it soared from $5.40 at the time of the deal close (March 25), to as much as $80.67 per share. Reddit Stocks: Ashford Hospitality Trust (AHT)įormerly known as NTN Buzztime, shares in Brooklyn Immunotherapeutics took off once it merged with the privately held biotech company of the same name. Nothing’s guaranteed, of course, but these seven risky Reddit stocks could potentially see a turbocharged rally or two in their future:īrooklyn Immunotherapeutics (NYSEAMERICAN: BTX) Instead, there are several stocks you could throw $100 into, with the potential to see a high return on your small investment. InvestorPlace - Stock Market News, Stock Advice & Trading Tipsġ0 Marijuana Stocks to Buy for Their 'Beyond the Flower' Plans Yet, you don’t have to necessarily “bet the ranch” to profit from this sometimes logic-defying investing phenomenon. Or, because it’s trending on r/WallStreetBets. That is, don’t risk permanently damaging your financial future just because a stock seemed primed for a short-squeeze. Obviously, it’s not wise to risk money you can’t afford to lose. But, as recent headlines indicate, the hunt is on for new names that could provide similar amounts of fast trading profits. In the case of GameStop (NYSE: GME), it may have already peaked. Interest in continued favorites like AMC Entertainment (NYSE: AMC) may be peaking. But, as retail investors continue to essentially gamble on stocks, with minimal interest or concern about their underlying fundamentals, there are likely still fast profits to be made with this high-risk, but possibly high-reward “investing” strategy. ![]() It may go against the philosophy of investing legends like Warren Buffett. But, the Reddit stocks phenomenon is here to stay for now. ![]()
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