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GameStop, AMC rise again in third day of meme stock frenzy
Proactive Investors· 2024-05-15 10:46
Group 1 - Proactive specializes in providing fast, accessible, and informative business and finance news to a global investment audience [1][2] - The company covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [2] - Proactive employs both human content creators with extensive experience and technology to enhance workflows, including the use of automation and generative AI [2] Group 2 - The company has a strong focus on medium and small-cap markets while also keeping its audience informed about blue-chip companies and broader investment stories [2] - Proactive's news team operates from key financial hubs around the world, including London, New York, Toronto, Vancouver, Sydney, and Perth [1] - The content produced by Proactive is independently created and edited, ensuring high-quality standards in line with best practices for content production [2]
Short squeeze alert for AMC stock
Finbold· 2024-05-15 10:06
Amidst the recent meme stock rally that has seen GameStop (NYSE: GME) and BlackBerry (NYSE: BB) make exceptional price gains in a short time, the shares of AMC Entertainment (NYSE: AMC) are among the winners of the bullish momentum, and more advances could be in store.As it happens, AMC stock has recorded massively high options trading activity, resulting in the company raising around $250 million of new equity capital through the sale of 72.5 million shares at an average price of $3.45 as part of its previ ...
What You Need To Know Now That Meme Stocks Are Back
Investopedia· 2024-05-14 23:50
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 ...
Nasdaq Closes at New Record High; CPI on Deck
Zacks Investment Research· 2024-05-14 23:31
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 ...
Cramer warns against 'meme stock mania,' says to sell GameStop and AMC
CNBC· 2024-05-14 23:00
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 ...
When the Dust Settles, Cinemark Will Be a Better Bet Than AMC Stock
InvestorPlace· 2024-05-14 21:19
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 ...
Institutional vs. Retail Stocks: Understanding the Difference
Zacks Investment Research· 2024-05-14 20:11
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 ...
Dave Portnoy Buys $250K GameStop Stock, $250K AMC Stock: 'I Wish I Bought More' - GameStop (NYSE:GME)
Benzinga· 2024-05-14 19:32
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 ...
GameStop, AMC attracting a fraction of retail trader interest seen during 2021's meme mania
CNBC· 2024-05-14 18:24
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 ...
PPI Shows Higher Wholesale Inflation; Meme Stocks Rule (Again)
Zacks Investment Research· 2024-05-14 15:30
Group 1: Economic Indicators - The Producer Price Index (PPI) for April increased by +0.5% month over month, surpassing the expected +0.3% and significantly higher than the revised -0.1% from the previous month [1] - Year over year, the PPI rose to +2.2%, marking a 40-basis-point increase from the revised +1.8% in March, indicating a notable rise in wholesale prices [1] - Core PPI, excluding food and gas, also came in at +0.5% month over month, exceeding the expected +0.2%, while the year-over-year core PPI decreased by 40 bps to +2.4% [2] Group 2: Market Reactions - Following the PPI report, pre-market futures turned negative, with major indices dropping, although the Dow managed to recover slightly after an initial drop of 120 points [3] - The 10-year and 2-year bond yields increased, now exceeding +4.5% and nearly +4.9%, respectively, reflecting market concerns over rising inflation [3] Group 3: Consumer Price Index (CPI) Expectations - The upcoming CPI report is anticipated to show a month-over-month increase of +0.4% and a year-over-year decrease to +3.4%, with core CPI expected to slim to +0.3% month over month and +3.6% year over year [4] Group 4: Stock Market Trends - Meme stocks are experiencing a resurgence, with Gamestop (GME) and AMC (AMC) seeing increases of +120% and +107%, respectively, while SunPower (SPWR) surged by +155% ahead of its earnings report [5]