On the "mementum" of Meme Stocks

Michele Costola; Matteo Iacopini; Carlo Romano Marcello Alessandro Santagiustina

On the "mementum" of Meme Stocks

Michele Costola
, Matteo Iacopini
, Carlo Romano Marcello Alessandro Santagiustina

Research output: Working paper / Preprint › Working paper › Professional

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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 language	English
Publication status	Published - 7 Jun 2021

Publication series

Name	arXiv.org
Publisher	Cornell University
ISSN (Print)	2331-8422

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 16 Peace, Justice and Strong Institutions

Keywords

meme stock
cointegration
social media data

Access to Document

2106.03691v1

Persistent URL (handle)

Persistent link

On the “mementum” of meme stocks
Costola, M., Iacopini, M. & Santagiustina, C. R. M. A., Oct 2021, In: Economics Letters. 207, p. 1-6 6 p., 110021.
Research output: Contribution to Journal › Article › Academic › peer-review

Open Access

Cite this

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On the "mementum" of Meme Stocks

Abstract

Publication series

UN SDGs

Keywords

Access to Document

Persistent URL (handle)

Research output

On the “mementum” of meme stocks

Cite this