Why Newegg and Pop Culture Group Stocks Are Tumbling Hard Today

Easy come, easy go. Meme stock volatility was on display again today as Newegg Commerce (NASDAQ: NEGG) had tumbling 24% at noon on no news, one day after it gained meme stock status as its shares surged 160% at one point.

Also falling sharply today was Pop Culture Group (NASDAQ: CPOP), a Chinese company that just went public last week. It was also down 24% at midday.

Image source: Getty Images.

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Source Fool.com