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. ...

ToplineMeme stock mania picked up where it left off Monday, with shares of retail investor favorites AMC and GameStop exploding to their highest levels of 2024 based almost entirely on social media hype.AMC and GameStop shares are skyrocketing this week like it's 2021.SOPA Images/LightRocket via Getty Images Key FactsGameStop’s stock skyrocketed as much as 112% and AMC’s stock soared up to 129% shortly after market open, building on both stocks’ roughly 75% gains during Monday trading. Shares of brick-and- ...

UPDATE—May 14, 2024: This article has been updated to include share price information from early trading Tuesday.Key TakeawaysPandemic-era meme stocks GameStop and AMC Entertainment soared again early Tuesday after both gained more than 70% on Monday, potentially triggering a short squeeze where investors rush to cover short positions. Monday's meme stock rally caused losses nearing $1 billion for GameStop short sellers, according to data from S3 Partners.GameStop shares may encounter selling near a zone o ...

Although all attention has gone to GameStop (NYSE: GME) stock and its rapid surge, another meme stock has posted even more significant daily gains above 78% – AMC Entertainment (NYSE: AMC).Its surge has been attributed to a market-wide surge in meme stocks, with gains of 68.59% extending into the pre-market and moving AMC share price above the $9 threshold.AMC stock 30-day price chart. Source: FinboldWhether this rally will gain the strength of the meme frenzy back in 2021 remains to be seen in the upcoming ...

AMC Entertainment raised about $250 million of new equity capital on Monday during the revived meme stock craze triggered by the return of "Roaring Kitty."On Monday, the movie theater operator sold 72.5 million shares in an at-the-market equity offering. AMC sold those shares at an average price of $3.45 per share before commissions and fees.AMC shares more than doubled in premarket trading Tuesday following the stock sale.The average selling price is at the lower range of Monday's wild trading where AMC mo ...