We have reached the halfway point of this month’s Stock Challenge!
June’s Stock Challenge got off to a scorching hot start right out of the gates, a significant improvement from last month’s midpoint recap where only ~30% were in positive territory.
Currently, 249 of the 454 contestants in this month’s Stock Challenge sit in the black. The strong start to this month’s Challenge is shown via the Stock Challenge Index (SCI) below, not once dipping into negative territory thus far.
Meme stocks have taken complete control in June’s Stock Challenge. AMC, for example, doubled in value in the first two days of the contest.
The media attention on AMC in late May likely influenced the popularity of the stock in June’s Challenge. 12 contestants selected AMC this month… in contrast to just two last month.
Meme Stocks Dominant Among Current Leaders
Stock Challengers currently in the top 10 have all selected AMC as one of their stock picks.
Best of luck to you all for the remainder of the month! And don’t forget to sign up for July’s Stock Challenge when you have a moment. While there’s still plenty of time, we’d hate to see you miss out on a chance at winning silver bullion and Pinnacle Digest swag next month.