Sell the Meme Stocks in May and Go Away?
AMC(AMC) marketbeat.com·2024-05-22 20:32
Key PointsKeith Gill's return to X sparked a meme stock surge, but GameStop (GME) and AMC (AMC) crashed after announcing share offerings.GameStop dropped 45% in five days, announced declining first-quarter sales, and plans to sell 45 million shares in an at-the-market offering.AMC fell 23% in five days, nearly returning to pre-mania levels, as it also announced an offering.5 stocks we like better than BlackBerryLast week, the market experienced a flashback to the meme stock mania of 2021. Keith Gill, famous ...