Why Ethan Allen, Sundial Growers, and Arrival Stocks Dropped Today
It's not all "diamond hands" out there. Some so-called meme stocks are being sold, with names like Sundial Growers (NASDAQ: SNDL), electric vehicle maker Arrival (NASDAQ: ARVL), and Ethan Allen Interiors (NYSE: ETH) all dropping today. All three were down between 5% and 15% earlier in the session. As of 1 p.m. EDT, however, shares of these stocks moved as follows:
Wait, you might be thinking, when did a furniture maker join the ranks of meme stocks? Well, this furniture maker has the honor of using the stock symbol "ETH," which is also the symbol used for the increasingly popular Ethereum (CRYPTO: ETH) platform, where the cryptocurrency Ether resides.
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Source Fool.com
