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Why Are These Meme Stocks Plunging Today?

TheMotleyFool

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Why Are These Meme Stocks Plunging Today?

Easy come, easy go. After rallying sharply higher one day ago, meme stocks like IronNet (NYSE: IRNT), AEye (NASDAQ: LIDR), and Offerpad Solutions (NYSE: OPAD) were tanking heading into noontime trading on Friday.

IronNet was down 16%, AEye had tumbled 18%, and Offerpad fell off the table with a 19% drop.

On the other hand, SmileDirectClub (NASDAQ: SDC), which has also been a volatile issue since internet chat rooms began discussing its high short interest, saw its stock rise over 12% today.

Source Fool.com

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