Meme-Stock Collapse Gives Way to 200% Rally for Brazil’s Cogna

Cogna Educação had its meme-stock moment during the pandemic. Brazilian retail investors piled into the for-profit education company’s shares, bid it up wildly, and got burned when it all came...

By Leda Alvim, Raphael Almeida · Bloomberg Markets

Cogna Educação had its meme-stock moment during the pandemic. Brazilian retail investors piled into the for-profit education company’s shares, bid it up wildly, and got burned when it all came crashing down.