Geo Group got hammered, mainly due to it suspending its dividend to conserve cash. Yet, for the first few months, it appeared those more bearish were correct. states, as well as their contracts with other agencies unaffected by the order (like Immigration detention facilities), I argued that the downside from losing Bureau of Prisons contacts was more than priced-in with both GEO stock, as well as its peer, CoreCivic (NYSE: CXW). When Biden’s EO was signed into law, I made the case why it may not be such a big deal for the industry.īetween their contracts with U.S. With all the talk about criminal justice reform, and President Joe Biden’s Executive Order banning new federal private prison contracts, it’s been a tough time this year for publicly traded owners and operators of correctional facilities. But, given the strong potential of its underlying business, shares could still take “to the moon” again, even without the boost of the meme stock phenomenon. Yet, progress in this area could also produce a short-term boost for the stock.Īdmittedly, a repeat of the run-up in BTX stock is going to hinge on the Reddit stock community piling back into it. This portion of its timeline may be more years in the making. Recently, the company has moved into mRNA-based gene-editing and cell therapies as well. According to its May 2021 investor presentation, this therapy is currently in Phase 2b trials. The main therapy in its pipeline? Its IRX-2 cytokine therapy for the treatment of head and neck cancer. But, this clinical-stage company still has tremendous potential with the therapies in its pipeline. So, with the meme stock hype seemingly played out, why might this be an appealing opportunity, albeit one that’s a gamble? Speculators may have gotten ahead of themselves. Yet, as the bubble that formed within it faded, shares have since given up most of their gains, and trade for around $15 per share today. Becoming one of the hottest meme stocks out there, it soared from $5.40 at the time of the deal close (March 25), to as much as $80.67 per share. Even so, this may not matter to Reddit investors, who may send it soaring even higher before they decide to look elsewhere.įormerly known as NTN Buzztime, shares in Brooklyn Immunotherapeutics took off once it merged with the privately held biotech company of the same name. In other words, there’s a good reason why AHT stock still trades for a fraction of its pre-Covid-19 prices. When you factor in its outstanding preferred stock, the increase in its underlying value from improved results may not flow to common shareholders. Per a Seeking Alpha commentator’s recent bearish take on the stock, the REIT not only still has a high debt load. So, with its financials improving, and the travel reopening trade in full-swing, does this stock have even more room to run?Ĭonsidering it traded for around $27 per share before the outbreak, a partial recovery for Ashford Hospitality shares could still mean a triple-digit percentage return on your investment. Much like AMC, it was able to seize the opportunity, and raise new equity capital, thanks to the run-up. This retail investor enthusiasm has also improved the company’s financial footing. Yet, in the past month, Reddit traders have piled back in, sending it up 69%, to around $5.42 per share. But it would’ve had to if it had failed to negotiate forbearance from its lenders.
It avoided having to file for Chapter 11 bankruptcy. Brooklyn Immunotherapeutics (NYSEAMERICAN: BTX)ĪHT stock was a hotel REIT (real estate investment trust), hit hard by last year’s Covid-19 shutdowns.Nothing’s guaranteed, of course, but these seven risky Reddit stocks could potentially see a turbocharged rally or two in their future: Instead, there are several stocks you could throw $100 into, with the potential to see a high return on your small investment. Yet, you don’t have to necessarily “bet the ranch” to profit from this sometimes logic-defying investing phenomenon. Or, because it’s trending on r/WallStreetBets. That is, don’t risk permanently damaging your financial future just because a stock seemed primed for a short-squeeze. Obviously, it’s not wise to risk money you can’t afford to lose.
But, as recent headlines indicate, the hunt is on for new names that could provide similar amounts of fast trading profits. In the case of GameStop (NYSE: GME), it may have already peaked. Interest in continued favorites like AMC Entertainment (NYSE: AMC) may be peaking. But, as retail investors continue to essentially gamble on stocks, with minimal interest or concern about their underlying fundamentals, there are likely still fast profits to be made with this high-risk, but possibly high-reward “investing” strategy. It may go against the philosophy of investing legends like Warren Buffett. But, the Reddit stocks phenomenon is here to stay for now.
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