Is the Meme Stocks Rally Already Dead? AMC, GME Investors Lost $13 Billion Last Week.
AMC(AMC) investorplace.com·2024-05-22 02:46
Meme stocks are still a thing, as last week’s incredible rally proved. Shares of GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) both more than doubled in a matter of days as investors and speculators piled into these high-risk stocks.However, unlike the 2021 rallies which were sustained for a much longer period of time than many thought possible, this rally appears to be fizzling out. At the time of writing, GME stock is down another 8% today. AMC is seeing a little less steep decline, losing less tha ...