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 ...

The massive meme stocks rally that caused several stocks to see major increases in price may already be over as the short squeeze of these shares runs out of steam earlier than expected.Wolfe Research chart analyst Rob Ginsberg claims as much with his latest coverage of the meme stock frenzy. According to him, the sign for this is major meme stocks falling just one day after the short squeeze rally started.Ginsberg said the following about this in a note to clients obtained by CNBC.“As the past 3 sell signa ...

GameStop and AMC slumped on Wednesday as the “meme stock rally” driven by the surprise return of “Roaring Kitty” showed signs of fizzling out.Shares of GameStop were down by 31%, to $32.40 per share, after posting sizable gains in each of the previous two trading sessions. AMC sank about 25% to $5.10 per share. 4 Roaring Kitty’s real name is Keith Gill.The two firms had gained more than $11 billion combined in market value since the start of the week.Even the comeback of Roaring Kitty – the retail invest ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. AMC Entertainment (AMC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.AMC Entertainment is a member of our Consumer Discretionary group, whi ...

Recent days have been marked by enormous losses measured in billions that short-sellers have endured due to the spike in prices of meme stocks. The most notable examples are GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC), which surged by more than 100% in value in just a few trading sessions.The short squeeze has prompted investors to look for other short-interest targets that could spike in value and thus potentially replicate the gains that AMC and GME stocks brought to investors. According to var ...

Core Viewpoint - Meme stocks, including AMC and GME, experienced a significant reversal after a substantial rally earlier in the week, with AMC taking steps to reduce its long-term debt through a private debt/equity swap agreement [1][4]. Group 1: AMC Theaters - AMC entered a private debt/equity swap agreement to exchange 23.3 million shares of newly-issued stock for $163.9 million worth of company bonds due in 2026, with shares issued at an average price of $7.33 per share [1]. - The theater chain's long-term debt was reported at $8.6 billion at the end of 2023, indicating a substantial financial burden [1]. - AMC raised $250 million by selling 72.5 million shares at an average price of $3.45 per share earlier in the week [1]. Group 2: Market Analysis - Analyst James Goss noted that the recent meme stock surge provides AMC with an opportunity to raise funds, which could support liquidity and debt reduction [2]. - The first quarter of the year was described as a "difficult start," and the second quarter is also off to a slow start, highlighting ongoing challenges for AMC [2]. - Goss expressed hope that AMC could eventually achieve a capital structure that would attract institutional support, although significant uncertainty remains due to high leverage [2]. Group 3: Meme Stock Performance - Meme stocks, including AMC and GME, saw sharp declines after a week of significant gains, with AMC stock falling 9.8% and GME stock tumbling over 13% [4]. - GME stock had soared 179% for the week as of Tuesday's close, while AMC shares had rallied more than 135% [4]. - Other meme stocks like Virgin Galactic and Koss also experienced declines, with Koss plummeting nearly 19% after a 92% increase earlier in the week [4].

Key PointsAMC stock is attempting to join GameStop in what could be the revival of meme stocks.Focusing on fundamentals, investors will soon find out why these stocks fall under the 'meme' category.Facing severe dilution in AMC's lack of cash flow, investors could be better off without this added risk.5 stocks we like better than SquarespaceThe meme stocks saga of 2021 marked one of those historical moments in financial case studies. Unfortunately, it will be tied to those like the Tulipmania during the 160 ...

On May 10th, large volumes of deep out-of-the-money GameStop options were purchased. (Photo ... [+] Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesA familiar phenomenon has resurfaced, capturing the attention of investors and analysts alike. Meme stocks, those unconventional, often-struggling companies that garnered a cult-like following among retail traders, are experiencing a renaissance reminiscent of their meteoric rise in 2021.GameStop G ...