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Meme Stocks Taking Time Off Premarket, Most Slightly Down

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By Dhirendra Tripathi

Investing.com – Meme stocks look set for another under-the-radar session in Tuesday’s trading, with the majority in the red in premarket..

BlackBerry (NYSE:BB) fell 2.7% while AMC (NYSE:AMC) and Clean Energy Fuels (NASDAQ:CLNE) were both down 1.7%. World Wrestling Entertainment (NYSE:WWE) shed just a little over 1%. Corsair Gaming (NASDAQ:CRSR) lost 0.8%.

Bucking the session’s premarket trend so far were Contextlogic (NASDAQ:WISH) which rose over 2%. Clover Health (NASDAQ:CLOV) was up 1% while GameStop (NYSE:GME) was up 0.6%. The Wendy’s (NASDAQ:WEN) gained 0.2%.

Meme stocks have surprised most pundits by defying sustained and repeated attacks by (mainly institutional) short-sellers. One of them, White Square Capital, a hedge fund run by former Paulson&Co trader Florian Kronawitter, told investors this month that it would shut its main fund and return capital to them, the Financial Times reported earlier Tuesday.

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