Reuters
‘Meme stock’ rally redux? GameStop, AMC shares rocket higher
NEW YORK (Reuters) -More than a year after retail investors, aided by social media, forced an epic squeeze of a handful of heavily shorted stocks, a few of the famous “meme” stocks were back in the fast lane this week. GameStop Corp surged 14.5% on Wednesday and AMC Entertainment Holdings ended the session up 13.6%. While GameStop shares were boosted by Chairman Ryan Cohen’s disclosure that his investment company bought 100,000 shares of the video game retailer, the increase extends the 30% rally on Tuesday, which had no apparent catalyst.
