2 More Stocks Just Joined the Meme Stock Revolution
The stock market on Wednesday stayed largely in the same pattern it has followed for quite a while now, with major market benchmarks mostly mixed and not straying too far from where they started the day. As of 1:45 p.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 55 points to 34,544. However, the S&P 500 (SNPINDEX: ^GSPC) managed to pick up 3 points to 4,231, approaching a potential record close, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) added 36 points to 13,961.
So-called meme stocks like GameStop and AMC Entertainment Holdings have been in the spotlight for quite a while, with huge gains in January having put them on the map and a recent revival once again raising awareness of the stocks. And some new names are getting added to the list of stocks that retail investors are paying close attention to. Today, GEO Group (NYSE: GEO) and Clean Energy Fuels (NASDAQ: CLNE) saw their shares soar as they came into the spotlight. Below, we'll look more at their businesses and what's behind the moves.
Shares of GEO Group were up more than 55% on Wednesday afternoon. The private prison operator has found itself in a broad decline for years now, but today's bump up came as investors looked at sizable short interest in the company's shares.
Source Fool.com
