Investing

Meme stocks ‘should be offered at the casino’

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CNBC’s Jim Cramer said Wednesday that trading meme stocks is more gambling than investing.

“It’s exciting. It’s fun, and it’s real,” Cramer said on “Squawk Box.” However, he added, “If you’re going to play it, I think that you can, I don’t know, go to the casino. These should be offered at the casino.” He pondered, “Why are they offered at the New York Stock Exchange?” 

The “Mad Money” host’s comments came as shares of new Reddit target Clover Health soared again in Wednesday’s premarket, and popped nearly 30% at the open, extending the recent wild ride for the insurance company that offers Medicare Advantage plans. However, the enthusiasm waned in early trading, and Clover turned…



Source cnbc.com

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