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People walk into a GameStop store in the Alhambra, California
FREDERIC J. BROWN / AFP / Getty Images
GameStop
i
AMC Entertainment Holdings
he saw his stock prices soar on Tuesday, sparking a resurgence of memes.
There was no material news driving the actions. This has been the case for months for GameStop and AMC, stock prices are often influenced by non-fundamental factors such as short-term vendor activity, volume of options, social media interest and trading. of impulse.
GameStop (ticker: GME) rose 28% to $ 210.29 on Tuesday, while AMC (AMC) shares rose 20% to $ 44.26.
Clover Health Investments
(CLOV) i
BlackBerry
(BB), both popular shares among Reddit’s WallStreetBets crowd, featured more than 9% each.
For GameStop shares, it recorded its highest close since June 30 and its highest trading volume since June 11. It was the largest percentage of GameStop shares, rising nearly 53% on March 25th. volume since June 18 and its highest percentage since it increased 24% on July 20.
Meme stocks cooled in July and August after a resurgence in May and June. As has been the case since January, what follows is anyone’s guess. But if meme stocks return, that could be good news for volatile stocks
Robinhood Markets
(HOOD). The online broker has benefited from the frantic trading of meme stocks in the past. Shares rose 9% to $ 49.38 on Tuesday.
Write to Connor Smith at [email protected]