Gamestop Corp. (GME)
3 Meme Stocks That Could Cost You as Much Money as GameStop and AMC.
After an unexpected rally sent meme stocks surging last week, things appear to have settled down. When Keith Gill — the man credited with helping launch the GameStop (NYSE: GME ) short squeeze of 2021 — unexpectedly returned to X, the r/WallStreetBets crowd rejoiced.
Robert F. Kennedy Jr. Just Bought $24,000 of GameStop (GME) Stock
GameStop (NYSE: GME ) stock is in the spotlight after Independent presidential candidate Robert F. Kennedy Jr. announced a $24,000 stake in the video game retailer.
The GameStop Trap: 3 Reasons GME Stock Is NOT Back
Bloomberg columnist Matt Levine wondered on May 13 if GameStop (NYSE: GME ) was back. He was speaking about the video game retailer's 70% surge in its share price after Keith Gill, a celebrity investor known as “Roaring Kitty”, posted on X (formerly Twitter) for the first time since June 2021.
GameStop stock trader turns $27,000 into $2 million
The renewed GameStop (NYSE: GME) mania has shown that the trading community wields a significant impact on the stock market and can make substantial movements in stock valuations, turning thousands into millions.
GameStop, AMC, and Other Meme Stocks Fall Amid Volatility.
The stocks, which are called meme stocks because their prices have been driven by social media hype and retail investors, came back into fashion last week after a three year hiatus.
RFK Jr. says he invested $24,000 in GameStop after brief meme stock revival
RFK Jr. is the independent challenger to President Biden and Donald Trump in the November election.
Robert F. Kennedy Jr. invests $24K in GameStop in attempt to secure the ape vote
On Tuesday, Robert F. Kennedy Jr., the independent candidate for the 2024 U.S. presidential election, posted on X pledging to bring greater transparency, stronger regulatory oversight and tougher legal penalties to Wall Street.
GameStop and AMC pare back gains as dust settles from Roaring Kitty-fueled meme-stock frenzy
GameStop Corp. and AMC Entertainment Holdings Inc. pared back Monday's gains in premarket trades Tuesday as the dust continued to settle from last week's meme-stock frenzy.
GameStop Stock Analysis: Let's Not Do 2021 Again, Please
Video game retailer GameStop (NYSE: GME ), along with global movie-theater chain AMC Entertainment (NYSE: AMC ) and a handful of other companies, are the talk of Wall Street again. It feels like 2021 all over again, but that's not necessarily a good thing for sensible investors.
Meme Stocks GameStop, AMC, Faraday Retreat. Investors Lost $13 Billion Last Week.
Meme stocks, which are trading largely divorced from company fundamentals, have seen a resurgence last week when social media user Roaring Kitty posted for the first time in years.
GameStop, AMC Entertainment Shares Spike Monday Afternoon: What's Going On?
Original meme stocks GameStop Corp GME and AMC Entertainment Holdings Inc AMC perked up in late trading Monday afternoon on no apparent news. The movement appears to be a continuation from last week’s retail investor momentum. What To Know: Although GameStop and AMC shares have been trending lower in recent trading sessions, the pair of meme stocks are still up significantly in recent weeks. GameStop shares are up approximately 131% over the last month and AMC shares are up just shy of 43%. The rally started when Keith Gill, best known as Roaring Kitty, posted a simple meme of a person leaning forward in a chair last week following a three-year absence from social media. Gill posted a series of videos on YouTube leading up to the historic short squeeze in 2021. When GameStop shares started soaring, the trader began posting updates of his positions on Reddit's r/WallStreetBets. Gill is often credited with sparking the meme stock mania that took place in 2021. Gill’s return to social media was the fuel for last week’s rally in meme stocks that ultimately resulted in several high short interest names catching bids. He mainly just posted video clips on X throughout the week, but that was enough for retail to run with. It’s worth noting that Gill hasn’t provided an update on his GameStop investment from 2021, so it’s not clear if he maintains a position. He also hasn’t posted anything on X since the E.T. post he made at the market close on Friday. Some are suggesting the video was meant as a final farewell to social media. Check This Out: Roaring Kitty Phones Home? GameStop Influencer Goes Silent After ‘E.T.’ Movie Clip Signals Potential Goodbye Despite the lack of updates from Gill, retail traders are active on social platforms. Both GameStop and AMC were seeing high message volumes on Stocktwits Monday afternoon. The tickers were also among the most mentioned on Reddit’s r/WallStreetBets over the last 24 hours. A lot of the chatter seems to be surrounding Gill’s next potential move. Others are still pointing to the heavy short interest in the meme names, asking other users to buy and hold the pair of stocks in an effort to squeeze short sellers out. Both GameStop and AMC took advantage of the rapid surge in their shares last week. GameStop announced plans to sell up to 45 million shares and AMC entered into agreements to issue stock in exchange for notes. GME, AMC Price Action: GameStop shares closed Monday up 4.41% at $23.19 and AMC closed the day up 9.77% at $4.83. Both stocks were trending lower in Monday’s after-hours session at last check, per Benzinga Pro. Photo: Sergei Tokmakov from Pixabay. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Invest in the Underestimated: 7 Bargain Stocks Poised to Prove Wall Street Wrong
As inflation remains increasingly sticky, finding undervalued stocks to buy has become increasingly difficult. Meme stocks like GameStop (NYSE: GME ) continue climbing despite rapidly approaching market saturation, which could leave retail traders holding the bag when the music stops.
