Meme stocks have been unpleasant investments in this bear market. Take live-TV streaming company fuboTV (NYSE: FUBO), for example. Will fuboTV finally begin its journey of share price rehabilitation?
Shares of meme stocks AMC Entertainment Holdings (NYSE: AMC), fuboTV (NYSE: FUBO), and SmileDirectClub (NASDAQ: SDC) were big winners this week. Big bounces can happen when your stock has been beaten down and is heavily shorted, as these three were. SmileDirectClub is down 74%, with 21% of its shares sold short.
The live-TV streaming service has fallen more than 90% since peaking in late 2020, but it's up 77% in the last eight trading days.