The meme stock’s latest surge comes after the White House boosted a tongue-in-cheek social media post made by GameStop declaring that the “console wars” were over.

GameStop shares are trading flat Wednesday afternoon as the stock consolidates following a turbulent October fueled by political memes, regulatory filings and renewed retail interest.

GameStop continues to tempt aggressive traders to revisit this so-called meme stock. These 10 stocks could mint the next wave of millionaires › After its meme-driven 12,000% rally that took GameStop (NYSE: GME) from $0.

GameStop (GME) is once again making headlines, with shares experiencing a modest increase of 0.91%, closing near $21.70. This uptick signals moderately bullish activity among investors, prompting a deeper examination of the factors influencing this trend.

Beyond Meat is Wall Street's latest meme stock, echoing similarities to prior darlings like GameStop and AMC. Despite it becoming a new trader favorite, smart investors clearly see Beyond Meat's structural issues.

GameStop ( GME +0.70%) stock remains under pressure. It has been nearly five years since a meme stock-fueled rally took the stock to a split-adjusted intraday high of $120.75 per share. Today, trading at around $22 per share, it is far removed from that time, and has fallen by approximately 30% in this year alone.