Short Squeeze Stocks Alert: The Rally Could Already Be Over
AMCAMC(AMC) InvestorPlace·2024-05-16 00:01

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 ...