Viking Energy MergerĪrguably, the biggest event impacting CEI stock price is the merger with Viking Energy. Therefore Camber Energy is making the necessary adjustments to position itself for future growth. The company is focused on diversifying its products to meet consumer needs. Let’s see what it will take for Camber Energy stock to continue climbing.Ĭamber Energy is a Texas-based energy company operating gas and oil fields. The real question will be can Camber Energy sustain the rally? Meme stock rallies tend to rapidly gain value and then fade back after. The buying pushes prices even higher as a result. On the other hand, retail investors are piling into these heavily shorted investments. The high short interest shows investors are betting against the company. Information from Finviz shows CEI stock currently has a nearly 25% short float. Meme stocks tend to rally when they have a high short interest. Camber Energy stock is on an absolute tear, climbing over 325% in the past month. The latest company to be labeled a meme stock is Camber Energy (NYSEAMERICAN: CEI). If you’ve been following the stock market this past year, you’re well aware of the rise of “meme stocks.” These are investments that have high retail social media support.
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