On the "mementum" of Meme Stocks

Michele Costola, Matteo Iacopini, Carlo Romano Marcello Alessandro Santagiustina

Research output: Working paper / PreprintWorking paperProfessional

121 Downloads (Pure)

Abstract

The meme stock phenomenon is yet to be explored. In this note, we provide evidence that these stocks display common stylized facts on the dynamics of price, trading volume, and social media activity. Using a regime-switching cointegration model, we identify the meme stock "mementum" which exhibits a different characterization with respect to other stocks with high volumes of activity (persistent and not) on social media. Understanding these properties helps the investors and market authorities in their decision.
Original languageEnglish
Publication statusPublished - 7 Jun 2021

Publication series

NamearXiv.org
PublisherCornell University
ISSN (Print)2331-8422

Keywords

  • meme stock
  • cointegration
  • social media data

Fingerprint

Dive into the research topics of 'On the "mementum" of Meme Stocks'. Together they form a unique fingerprint.

Cite this