March sees a mini rerun of 2021 meme stock mania

KOSS

31/03/2022 14:12

** Shares of AMC  AMC.N  and Gamestop  GME.N  up nearly 35%
each in March so far as the meme stocks rallied in the last few
weeks
    ** According to Fidelity Research https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml,
 AMC, GME were among the top five most ordered stocks by retail
investors as of 08:47 AM ET on Thursday
    ** Retail investors have continued piling into risky assets,
supporting a bounce that has buoyed everything from meme stocks
to cryptocurrencies despite economic worries and geopolitical
uncertainty  urn:newsml:reuters.com:*:nL2N2VX375
    ** AMC is the second most active stock on the retail
investor-focused Stocktwits.com https://stocktwits.com/rankings/most-active
 
    ** AMC, GME are closely identified with the meme stock mania
that drove astronomical stock price moves in 2021
    ** Both AMC and GME are down ~65% from their record high in
early 2021  urn:newsml:reuters.com:*:nL4N2U13IO
    ** Other shares associated with the meme stock craze, such
as Blackberry  BB.N , Koss Corp  KOSS.O  and Sundial Growers
 SNDL.O , advanced between 10.5% and 38.8% so far this month
    ** AMC declines 3.5%, while GME falls 1% in premarket
trading on Thursday

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;))