With the return of Keith Gill – the trader best known as “Roaring Kitty” – market speculation surged, yet the potentially short-lived nature of the rally presents a case for meme stocks to sell. To be sure, the explosive rally for enterprises like cineplex operator AMC Entertainment (NYSE:AMC) was nothing short of impressive. At the same time, the collapse has been rapid. Not only that, after-hours trading indicates continued volatility could be in the works. That’s not a great situation for the meme trades ...

Key Takeaways Meme stocks made headlines this week as heavy trading activity in GameStop, AMC Entertainment, and other stocks drew speculation of a meme stock resurgence. GameStop and AMC Entertainment shares soared on Monday and Tuesday, before dropping sharply later in the week. The two-day rally to start the week was largely attributed to the online return of Keith Gill, a key figure in the meme stock craze of 2020 and 2021. Meme stocks made headlines this week as heavy trading activity in GameStop (GME) ...

Key Points Penny 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 Electric Meme stocks are back in focus, with Gamestop NYSE: GME and AMC Entertainment NYSE: AMC gaining triple digits in hours. T ...

Key Takeaways U.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. equit ...

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 for d ...

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 si ...

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, wh ...

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 va ...

Meme stocks reversed sharply lower early Wednesday as GME stock and AMC shed some gains from the week's massive rally. Meanwhile, AMC moved to use the gains to scratch off more debt. X AMC Theaters (AMC) on Wednesday said it entered a private debt/equity swap agreement to exchange 23.3 million shares of newly-issued stock in exchange for $163.9 million worth of company bonds due in 2026. The shares were issued at an average price of $7.33 per share, according to the filing. The deal is part of a larger effo ...