companies, including Getty Images which jumped over 200% since its debut on July 25. There has been a similar, but smaller, surge in some other recently listed U.S. '(AMTD Digital) is clearly the newest meme stock with bands of retail traders purchasing the stock at the same time, pushing the price sharply higher,' said Victoria Scholar, head of investment at Interactive Investor. Circle Game Meme Dress Socks Funny Socks Crazy Socks Casual Cotton Crew Socks (Beige): Shop top fashion brands Socks at FREE. The fintech firm, which provides loans and services to startups in exchange for fees, has a low float and is tightly controlled by parent company AMTD Idea (AMTD.N).ĪMTD Idea's shares also slid 4% after closing Tuesday with a market value of $2.6 billion. The company said on Tuesday there was no material change or event related to the company's business and operating activities since the IPO date and that it was monitoring the share volatility.

In a typical pump-and-dump scheme, investors create artificial demand to boost companies' stock prices and then sell their own shares at a profit causing prices to fall, saddling others investors with losses.ĪMTD Digital was also the most-mentioned stock on, the social media platform central to the meme stock craze of 2021. 'It seems to have caught on among retail investors, which is often the fuel for these situations.' 'It sure looks a lot like a pump-and-dump,' Nate Anderson, founder of Hindenburg Research, said, adding that it does not have a position in AMTD Digital.

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