Why Genius Brands Jumped 5% Last Week

Why Genius Brands Jumped 5% Last Week
·2 min read

Shares of Genius Brands (NASDAQ: GNUS) ended last week almost 5% higher than where they started. Genius Brands, of course, was inducted into that group of speculative companies known as meme stocks that trade more on social-media chatter than on business fundamentals. The children's media company's stock more than doubled just weeks into the new year, as a trading frenzy erupted, only to collapse once more, followed by a regular pattern of rising and then giving way as momentum ebbed and flowed.

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