Express (EXPR) Stock: Why The Price Jumped Up Today

By Amit Chowdhry ● Mar 22, 2022
  • The stock price of Express, Inc. (NYSE: EXPR) increased by 9.73% today. This is why.

The stock price of Express, Inc. (NYSE: EXPR) increased by 9.73% today. There are no company-specific news reports or regulatory filings that appear to be driving up the price so it seems like external factors are at play.

Specifically, the stock price increases appear to be driven by a broader rally in the so-called “meme stocks.” And data from Quiver Quantitative suggests that there has been a surge in discussions about meme stocks on various social media platforms. Plus, there has been an uptick in out-of-the-money call buying for the meme stocks, causing a gamma squeeze and driving up the price.

Other “meme stocks” that have seen a jump in price today include:

GameStop Corp. (NYSE: GME) – Up 30.86% today

Bed Bath & Beyond Inc. (NASDAQ: BBBY) – Up 2.26% today

AMC Entertainment Holdings Inc (NYSE: AMC) – Up 15.02% today

Clover Health Investments Corp (NASDAQ: CLOV) – Up 3.5% today

BlackBerry Ltd (NYSE: BB) – Up 4.91% today

Ocugen Inc (NASDAQ: OCGN) – Up 3.23% today

ContextLogic Inc (NASDAQ: WISH) – Up 9.39% today

Koss Corporation (NASDAQ: KOSS) – Up 29.48% today

Sundial Growers Inc (NASDAQ: SNDL) – Up 10.01% today

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.