The stock market is in the thick of another meme stock frenzy, sparked by Sunday night's online return of one of the key figures of the 2020 and 2021 craze that sent GameStop (GME) shares to record highs. GameStop has been one of the biggest winners of the frenzy this week, along with AMC Entertainment (AMC). Those and other meme stocks have shot higher following the online return Sunday of one of the prominent drivers of the earlier meme craze. Keith Gill, known by his online persona of "Roaring Kitty," p ...

Tuesday, May 14th, 2024The Nasdaq closed at a new all-time high today. Gaining +122 points, +0.75%, brought the tech-heavy index up to 16,511 for the first time. It’s a record previously reached less than a month ago, but before that goes back to November 2021. The other major indices were positiver today, as well: the Dow grew +126 points, +0.32%, while the S&P 500 rose +0.48% and the small-cap Russell 2000 was +1.10%. Considering the challenges before the regular trading session, this demonstrates a bulli ...

CNBC's Jim Cramer said investors should get out of stocks like GameStop and AMC, both of which saw huge rallies this week triggered by social media."When I see meme stock mania taking over again, led by GameStop and AMC, I need to remind you that this is irrational," he said. "There's no way these stocks should reach such elevated levels on their own."AMC and GameStop soared after "Roaring Kitty," the man who helped bring on 2021's enormous GameStop short squeeze, posted online for the first time in about t ...

For the past two days, many eyes have been focused on the meme stock rally that has overtaken markets. Keith Gill, who is credited with helping start the GameStop (NYSE:GME) squeeze of 2021, decided to return to social media on May 12. Also known by the username Roaring Kitty, Gill posted a seemingly random hand-drawn meme which quickly sent retail traders into a frenzy. As a result, meme stocks are now surging this week.When GME rises, AMC Entertainment (NYSE:AMC) is usually close behind. In fact, AMC actu ...

Meme Mania ReturnsMeme mania has returned to Wall Street after internet personality “Roaring Kitty” tweeted for the first time earlier this week and drove them higher. As momentum investors looked to cash in on the hype, GameStop ((GME) and other meme stocks have more than doubled on the week before paring gains dramatically on Tuesday. Thus far this week, the retail investor has owned the day. In fact, beaten-down penny stock AMC ((AMC) traded more shares than the S&P 500 Index ETF ((SPY) yesterday!Having ...

Loading...Loading...Barstool Sports founder and stock trader Dave Portnoy is back on meme stocks again with an investment in GameStop Corporation GME and AMC Entertainment Holdings AMC as shares rally and see increased interest.What Happened: Similar to a rally in the price of GameStop and AMC as high short interest stocks in 2021, the stocks have returned with a vengeance in May 2024 and Portnoy is ready.Portnoy shared in a series of videos his return to meme stocks and his commentary on the return of Roar ...

SELINSGROVE, PENNSYLVANIA, UNITED STATES - 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers.GameStop and AMC are seeing big buying from mom-and-pop investors, but the purchases pale in comparison to the meme stock explosion seen three years ago.The video game seller and movie theater chain saw more than $15.8 million and $37.5 milli ...

Tuesday, May 14th, 2024Pre-market futures have sunk into the red upon an important report coming out. The Producer Price Index (PPI) for April grew higher than expected nearly across the board: headline month over month reached +0.5%, hotter than the +0.3% expected, and way ahead of the downwardly revised -0.1% from the previous month. Year over year, +2.2% hasn’t been this hot in a full year, and represents a 40-basis-point (bps) hike from the downwardly revised +1.8% in March.Core month-over-month (stripp ...

Shares of GameStop and AMC each soared by more than 100% in early trading Tuesday as the surprise return of the retail day trader known as “Roaring Kitty” sparked a flurry of meme stock activity for the second straight day.GameStop spiked as much as 113% in early trading and was still up about 64% shortly after the market opened. That pushed the beleaguered video game retailer’s stock price up to nearly $50 per share – a once-unthinkable number given the company’s recent financial performance. 5 “Roaring ...

The stock market includes a phenomenon known as “meme stocks”. These are shares of companies that gain popularity through social media and internet forums. These stocks often see rapid price increases driven more by viral attention and speculative trading than by the company’s fundamentals. Commonly discussed on platforms like Reddit, these stocks can become the center of trading frenzies.Investing in meme stocks offers the potential for substantial gains in a very short period due to their volatile nature. ...