Gamestop, AMC rise over 10% as meme stocks surge in market rebound

Vinco Ventures

26/01/2022 18:45

** Meme stocks GameStop  GME.N  and AMC  AMC.N  jump more
than 10%, while Koss Corp  KOSS.O  gains 26%, tracking broader
market sentiment 
    ** U.S. stocks rebounded on Wednesday, after two turbulent
days, ahead of a Federal Reserve policy update  .N 
    ** GME, AMC were at the heart of the 2021 meme stocks saga,
when individual investors coordinated on online message boards
to fuel stunning rallies that cost short-sellers billions of
dollars
    ** AMC, GME, KOSS are among the top five trending stocks on
investor-focused social media Stocktwits.com
    ** GME is headed for its best session since August 2021 
    ** Rate hike fears have hit speculative stocks with GME and
AMC down ~75% from record highs hit last year  urn:newsml:reuters.com:*:nL4N2U13IO
    ** GME, AMC have lost over 22.8% and 34.6% so far this
month, while other retail favorites KOSS, BlackBerry  BB.N  and
Avis Budget Group Inc  CAR.O  have dropped between 11.2% and 13%
 urn:newsml:reuters.com:*:nL4N2U4303
    ** Bed Bath & Beyond Inc  BBBY.O  and Vinco Ventures
 BBIG.O  have gained 3.9% and 32.8% respectively in January so
far  urn:newsml:reuters.com:*:nL4N2TY3O5
    ** Other riskier assets also up, with bitcoin  BTC=BTSP 
gaining 2.2%

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