GameStop, AMC jump again as meme stocks frenzy resurfaces

Former BL Stores

14/05/2024 10:38

** Shares of videogame retailer GameStop  GME.N  surge
nearly 40% to $42.44 premarket after a 74% jump on Monday when
"Roaring Kitty" returned to X.com after a three-year interval
    ** Theater chain AMC Entertainment  AMC.N  up 36% to $7.06
after a near 79% surge in the prior session
    ** Keith Gill, known as "Roaring Kitty" on YouTube and
"DeepF***ingValue" on Reddit, helped spark trading frenzy in
GameStop shares in 2021 with online posts
    ** Both GME and AMC were the top trending stocks on
Stocktwits on Tuesday, a retail trader-focussed trading and
social media platform
    ** Other highly-shorted stocks that were part of the meme
stock phenomenon in previous years such as Blackberry ADRs
 BB.N , Big Lots  BIG.N , Koss Corp  KOSS.O  up between
16%-25.6% before the bell

 (Reporting by Nikhil Sharma in Bengaluru)
 ((Nikhil.Sharma@thomsonreuters.com))