GameStop, AMC Stock Surge in Rally for Stock Meme

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GameStop

and

AMC Entertainment Holdings

saw their stock prices skyrocket on Tuesday, leading to a resurgence in stocks even.

There was no significant news event that caused the stock movements. This has been the case for months for GameStop and AMC, whose stock prices are often influenced by non-fundamental factors such as short seller activity, option volume, social media interest, and trading. dynamic.

GameStop (ticker: GME) jumped 28% to $ 210.29 on Tuesday, while AMC (AMC) stock rose 20% to $ 44.26.

Clover Health Investments

(CLOV) and

Blackberry

(BB), the two popular stocks among Reddit’s WallStreetBets crowd, are up more than 9% each.

For GameStop action, Tuesday marked its highest close since June 30 and its highest trading volume since June 11. It was the biggest percentage increase in GameStop action since it rose nearly 53% on March 25. volume since June 18, and its largest percentage increase since increasing 24% on July 20.

Memes stocks cooled in July and August after a resurgence in May and June. As has been the case since January, what comes next is a guess. But if meme stocks are back, it could be good news for volatile stocks in

Robinhood Markets

(HOOD). The online broker has taken advantage of the frenetic trading of stocks even in the past. Shares rose 9% to $ 49.38 on Tuesday.

Write to Connor Smith at [email protected]