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This Is How Much Money You'd Have if You Invested $100 in These 2 Meme Stocks Each Month for the Past Year

TheMotleyFool

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This Is How Much Money You'd Have if You Invested $100 in These 2 Meme Stocks Each Month for the Past Year

It was a year ago that meme stocks took off in popularity. Cannabis producer Sundial Growers (NASDAQ: SNDL) reached a peak price of $3.96 in February 2021, three times the price it was trading at a year earlier. But fast forward to today, and its share price is well below $1.

There has been significant volatility over the past year in meme stocks. Shares of both Sundial and AMC Entertainment Holdings (NYSE: AMC) have gone on wild rides. Below, I'll look at whether deploying a strategy of dollar-cost averaging would have been a safer way of investing in these types of stocks.