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, ...

After an exciting few days for AMC Entertainment (NYSE: AMC) stock, the shares of the largest movie theater chain the world have started to lose their momentum, and Wall Street experts have retained their relatively pessimistic view of the outlook for AMC stocks in the next 12 months.Specifically, AMC shares have recently recorded massively high trading activity, in which retail traders started buying them en masse, pushing the price up and helping the company raise $250 million in new equity capital throug ...

Key TakeawaysMeme 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), ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

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 ...