SOS Stock May Boom and Bust in the Meme Stock Space Indefinitely
Chris MacDonald, 04 May 2021
Cryptocurrency miners have increasingly come into focus of late. Miners such as SOS Limited (NYSE:SOS) with extensive Bitcoin (CCC:BTC-USD) mining operations are becoming ever-more lucrative as Bitcoin prices remain elevated. That said, SOS stock has languished somewhat in recent weeks, to a greater degree than Bitcoin prices.
Investors in SOS stock have seen shares spike repeatedly in double-digit moves to the upside and downside in recent months.
As a favorite of the social media-savvy retail mob, SOS has some cachet as a meme stock. Accordingly, there’s still a pervasive view among many diamond-handed holders that this stock will go to the moon.
However, of late, not all has been well SOS. The company’s been embroiled in a battle with short-sellers and has lost more than 70% of its value from its peak earlier this year.
Let’s take a look at what makes SOS a “make it or break it” stock for investors these days.
