Shares in a donut chain, camera company and meat-substitute maker surged Wednesday in a revival of meme stocks.
Krispy Kreme, the North Carolina-based chain with about 350 shops, soared as much as 25% on Wednesday.
GoPro, famous for its miniature action cameras, jumped 49% while Beyond Meat rose 11%.
Krispy Kreme Cake Batter donuts on display in a Times Square shop. Stephen Yang
Shares in Opendoor Technologies, an online platform that buys and sells real estate, plummeted 18% after a wild week in trading – rising more than 300% over the past week.
Kohl’s shares also fell 13% after gaining about 40% at the start of this week.
Social media buzz around the stocks and short squeezes spurred the rally, despite little change in these companies’ business fundamentals, according to Daniela Hathorn, senior market analyst at Capital.com.
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“Krispy Kreme seems