On the "mementum" of Meme Stocks

Michele Costola, Matteo Iacopini, Carlo Romano Marcello Alessandro Santagiustina

Research output: Working paper / PreprintWorking paperProfessional

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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

PublisherCornell University
ISSN (Print)2331-8422


  • meme stock
  • cointegration
  • social media data


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