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Why Shares of GameStop, Naked Brand Group, and Tonix Pharmaceuticals Were Soaring Today

Brett Schafer, The Motley Fool
·2-min read
Why Shares of GameStop, Naked Brand Group, and Tonix Pharmaceuticals Were Soaring Today

Shares of popular meme stocks (loosely defined as companies that are popular among day traders on Reddit) were up again on Tuesday. The top meme stock GameStop (NYSE: GME) was up as much as 7.4% on the day, with Naked Brand Group (NASDAQ: NAKD) and Tonix Pharmaceuticals (NASDAQ: TNXP) gaining as much as 13% and 18.2%, respectively. As of 1:07 p.m. EDT today, GameStop was up 5.5%, Naked Brand was 16.4% higher, and Tonix was up 1.4%.

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