On the "mementum" of Meme Stocks

Michele Costola, Matteo Iacopini and Carlo Santagiustina

Papers from arXiv.org

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.

Date: 2021-06
New Economics Papers: this item is included in nep-cwa, nep-fmk and nep-mst
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Citations: View citations in EconPapers (4)

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http://arxiv.org/pdf/2106.03691 Latest version (application/pdf)

Related works:
Journal Article: On the “mementum” of meme stocks (2021)
Working Paper: On the “mementum” of meme stocks (2021)
Working Paper: On the “mementum” of meme stocks (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2106.03691

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