GameStop, Opendoor Technologies, GoPro, Krispy Kreme, and Kohl’s are once again in the spotlight as renewed interest in meme stocks ripples through retail trading circles. The week saw unpredictable price surges and dumps, with volatility driven less by fundamentals and more by bursts of enthusiasm ignited across platforms like Reddit’s WallStreetBets and r/stocks.
GameStop remains the bellwether of meme stock sentiment. Earlier this year, it reported strong collectibles revenue growth and a rare quarterly profit, but shares have since moved erratically, swinging upwards of 440% monthly before retracing during profit-taking and the typical short-selling cycles. Trading activity remains heavy, with retail chatter focusing on earnings prospects and speculation about another potential short squeeze.
Opendoor Technologies saw a notable rally, surging 43% in a single session as social media users hyped its short interest and trading volume ballooned. However, press coverage and institutional research indicate persistent skepticism about its business model, and the euphoria was quickly dampened by profit-taking, mirroring familiar boom-bust cycles in meme stock history.
Krispy Kreme experienced a dramatic pop as online communities touted its meme potential, leading to a 26% single-day surge and a temporary 4,300% increase in trading volume. Despite the excitement, bears point to declining revenues and terminated strategic partnerships, notably with McDonald's, as major overhangs. The sugar rush faded rapidly, and analysts now warn the ride may be over for DNUT unless fundamentals improve.
GoPro briefly spiked by a record 73%, fueled by DIY technical analysis posts and nostalgia-driven memes, even though the firm hasn’t posted an annual profit in years. Trading volume was up nearly 3,000% during peak social media buzz. As with its meme counterparts, the excitement proved fleeting, dropping sharply on muted guidance and broader risk-off investor sentiment.
Kohl’s was catapulted to meme stock status in late July after a viral Reddit campaign, with daily trading volume up 2,500% in the weeks that followed. The initial frenzy pushed shares to dramatic highs, but prices collapsed soon after, retracing upwards of 80%. Institutional investors have since regained a more prominent role, and the prevailing narrative warns that retail-fueled spikes may continue but are unlikely to have the staying power seen earlier in the decade.
Beyond these names, retail participation in daily trading remains robust, accounting for 20–35% of volume in many meme stocks. Investors appear more selective, with speculative plays now receiving a more cautious reception as some market participants eye Big Tech and crypto for growth opportunities instead. Regulatory scrutiny remains in the background, with no major new developments, though analysts widely expect continued SEC attention on social media-driven volatility and disclosures.
Across the meme stock universe, the last da
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