GameStop, AMC Entertainment Continue Surging Amid Meme Stock Revival

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 ...