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home / news releases / why the meme stock craze is bad news for dividend st

BXSL - Why The Meme Stock Craze Is Bad News For Dividend Stocks

Blackstone Secured Lending Fund of Beneficial Interest

2024-05-15 13:38:21 ET

Summary

  • Meme stocks like AMC and GameStop are surging again, driven by retail investors and the return of "Roaring Kitty" on Reddit.
  • However, this is likely bad news for dividend stocks.
  • We discuss why and how investors can mitigate some of this bad news.

Meme stocks are once again surging, with AMC Entertainment ( AMC ) and GameStop ( GME ) posting huge gains in recent days. This surge is largely due to the return of a Reddit ( RDDT ) participant known as "Roaring Kitty," who has sparked an army of retail investors to pile into shares of AMC and GME, driving up their stock prices and crushing shorts on those stocks....

For further details see:

Why The Meme Stock Craze Is Bad News For Dividend Stocks
Stock Information
Company Name: Blackstone Secured Lending Fund of Beneficial Interest
Stock Symbol: BXSL
Market: NYSE
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