Retail traders drive up GoPro and Krispy Kreme shares

Retail traders from Reddit have focused on GoPro and Krispy Kreme in their latest investment moves.

GoPro and Krispy Kreme see meme stock surge as retail traders return

On Wednesday, retail investors on Reddit turned their attention to GoPro and Krispy Kreme, leading to significant spikes in stock prices. GoPro's shares surged by 63%, while Krispy Kreme's increased by 33% during premarket trading. These stocks have previously struggled, with both trading below $5. GoPro's stock was particularly notorious, often remaining under $1 this year. The rise coincided with a general positive trend in the stock market, where the S&P 500 reached a record high amid easing concerns about tariffs and economic data.

This sudden interest in GoPro and Krispy Kreme highlights the volatile nature of meme stocks and the influence of retail investors. The upsurge in price suggests a growing fascination among these traders who have previously targeted stocks like GameStop and AMC. However, the risks remain high as the past performance of meme stocks is unpredictable, and the rapid price increase raises concerns about potential losses for those entering late. The current market environment, characterized by mixed signals about economic recovery, adds another layer of uncertainty for these speculative trades.

Highlights

The trend of meme stocks continues to evoke excitement and concern among investors.