Which Meme Stock is a Better Buy? By StockNews
Meme stocks’ momentum is fueled by the buzz about them on social media platforms and retail traders’ consequent interest in them. They may have weak fundamentals, or they may be supported by them. So, read on to find out which of the two meme stocks—Vinco (BBIG) and Quad/Graphics (NYSE:)—are worth betting on.Vinco Ventures, Inc. (BBIG) in Bethlehem, Pa., is a consumer product research and development, manufacturing, sales, and fulfillment company in North America, the Asia Pacific, and Europe. Quad/Graphics, Inc., meanwhile, provides worldwide marketing solutions. This company, based in Sussex, Wis. provides marketing and other services including audience targeting, personalization, consumer insight and media planning.
Meme stocks became a hot topic after GameStop, Inc.’s shares (NYSE:), experienced the largest short-term surge in their history, thanks to social media buzz. The increased retail investor interest in these stocks, as well as the chatter on social media platforms like Reddit (NYSE:), has triggered a surge in stock prices. Although meme stocks may be risky investments they can still make money if there are strong growth prospects and financial stability.
BBIG’s price has risen 183% over six months while QUAD lost 25.6%. Also, BBIG’s 494.9% gains year-to-date compare with QUAD’s 5.8% returns. Furthermore, in terms of past year’s performance, BBIG is the clear winner with 352.8% price gains versus QUAD’s 28.3%.
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