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Here's Why Support.com Stock Skyrocketed 291% Last Month

·2 min read
Here's Why Support.com Stock Skyrocketed 291% Last Month
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Shares of Support.com (NASDAQ: SPRT) surged 291% in August, according to data from S&P Global Market Intelligence. The beaten-down tech and customer support stock soared after it became the latest short squeeze target favored by Reddit's WallStreetBets discussion board. It's been the year of the meme stock, and a surprising number of 2021's best-performing equities owe their incredible performances to short squeezes and meme momentum aided by investing-focused social media communities.