Meme stocks are still a thing, as last week’s incredible rally proved. Shares of GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) both more than doubled in a matter of days as investors and speculators piled into these high-risk stocks.However, unlike the 2021 rallies which were sustained for a much longer period of time than many thought possible, this rally appears to be fizzling out. At the time of writing, GME stock is down another 8% today. AMC is seeing a little less steep decline, losing less tha ...

Buying stocks just because they are rallying is a poor strategy. Meme stocks rallied last week after meme investor Keith Gill posted on X for the first time since the pandemic. AMC (AMC) soared as much as 308% May 13-14 and GameStop (GME) gained 271% to the peak of the same two-day period. But today those gains have vanished almost entirely.X Meanwhile, Robinhood Markets (HOOD) benefited from the spike in retail investing and gained 24% last week, while favored meme social media site Reddit (RDDT) rose 16%. ...

The meme-stock rally of 2024 was, for the most part, very short-lived. Moreover, most of the meme stocks became stocks to sell by quickly retreated to points not far above their pre-rally levels. A few factors, in my opinion, caused the surge to last such a short time and largely dissipate so quickly. First, retail investors lack the huge amount of excess cash that they had in the second half of 2020 and 2021. Secondly, it’s likely that short sellers learned from the meme stock rally of several years ago an ...

With the return of Keith Gill – the trader best known as “Roaring Kitty” – market speculation surged, yet the potentially short-lived nature of the rally presents a case for meme stocks to sell.To be sure, the explosive rally for enterprises like cineplex operator AMC Entertainment (NYSE:AMC) was nothing short of impressive. At the same time, the collapse has been rapid. Not only that, after-hours trading indicates continued volatility could be in the works.That’s not a great situation for the meme trades, ...

After an exciting few days for AMC Entertainment (NYSE: AMC) stock, the shares of the largest movie theater chain the world have started to lose their momentum, and Wall Street experts have retained their relatively pessimistic view of the outlook for AMC stocks in the next 12 months.Specifically, AMC shares have recently recorded massively high trading activity, in which retail traders started buying them en masse, pushing the price up and helping the company raise $250 million in new equity capital throug ...

Key TakeawaysMeme stocks made headlines this week as heavy trading activity in GameStop, AMC Entertainment, and other stocks drew speculation of a meme stock resurgence. GameStop and AMC Entertainment shares soared on Monday and Tuesday, before dropping sharply later in the week.The two-day rally to start the week was largely attributed to the online return of Keith Gill, a key figure in the meme stock craze of 2020 and 2021. Meme stocks made headlines this week as heavy trading activity in GameStop (GME), ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Key PointsPenny stocks and meme stocks are back in the spotlight, with GME and AMC rising triple digits in days.The stocks on this list qualify as meme stocks, surging double-digits in days, and some could keep rising.High short interest plays a role in the stock price increases but is not the only to drive these markets. 5 stocks we like better than Faraday Future Intelligent ElectricMeme stocks are back in focus, with Gamestop NYSE: GME and AMC Entertainment NYSE: AMC gaining triple digits in hours. The n ...

Key TakeawaysU.S. equities gained at midday Wednesday, May 15, 2024, with the S&P 500 and Nasdaq reaching all-time intraday highs as a report showed consumer inflation slowed in April.The inflation report boosted optimism the Fed will lower borrowing costs, and that helped lift shares of homebuilders including D.R. Horton.Shares of AMC Entertainment plunged as the runup in meme stocks earlier in the week faded and the theater chain operator announced a 23.3 million share debt-for-equity swap. U.S. equities ...

mikkelwilliam Meme stocks are once again surging, with AMC Entertainment (AMC) and GameStop (GME) posting huge gains in recent days. This surge is largely due to the return of a Reddit (RDDT) participant known as "Roaring Kitty," who has sparked an army of retail investors to pile into shares of AMC and GME, driving up their stock prices and crushing shorts on those stocks. While there are likely several causes for and implications of this sudden comeback of the meme stock craze, it is likely bad news f ...