Core Insights - GameStop and AMC were pivotal in the meme stock phenomenon, driven by retail investors trading without substantial news [1] - Roaring Kitty, a notable investor, returned to social media, sharing a significant GameStop holdings ledger, which led to a 30% stock increase [2] - A new ETF named MEME was launched to capture the momentum of meme stocks, indicating the sustained influence of retail investors in the market [5][6] Company and Industry Summary - GameStop (GME) is currently trading at $24.41, with a slight increase of 0.31% [2] - AMC Entertainment (AMC) remains at $2.85, unchanged [2] - The MEME ETF, launched by Roundhill Investments, aims to provide investors with exposure to meme stocks, highlighting the ongoing retail investor trend [5][6] - The ETF includes stocks like Opendoor Technologies, which has seen a 430% increase this year, despite being unprofitable [10] - Other stocks in the MEME ETF include Hims & Hers Health, Quantum Computing, and Bloom Energy [12]
Meme stock mania 2.0
Fox Business·2025-10-08 21:40