Is Trump Media & Technology Group Wall Street's Newest Meme Stock?
The market has a new meme stock contender after Trump Media & Technology Group rocketed "to the moon" in its Nasdaq debut. The term "meme stock" is loosely defined and often used to describe trendy stocks that are popular with retail investors. Steve Sosnick, Chief Strategist at Interactive Brokers, listed his three "hallmarks of a meme stock" during an interview with Yahoo! Finance Wednesday.
