Thursday, June 3, 2021

Meme Stocks - AMC, GameStop and Bed Bath & Beyond






Bed Bath & Beyond had its best trading day ever, surging back to highs not seen since January’s short squeeze on huge volume as retail traders couldn’t stop posting or tweeting about it after some bullish comments from the company’s chief executive.


Despite a wild and manic day that saw the stock soar over 100% and get halted more than once on volatility concerns, it turns out that AMC Entertainment AMC was Wednesday’s second-hottest meme stock. Shares of AMC Entertainment Holdings jumped 95.2%, leading a surge in a group of stocks favored by retail investors on forums such as Reddit's WallStreetBets. The Top 5 meme stocks really outperformed the overall general market and it's the retail time to take over wall street. AMC had been the powerhouse this time round as opposed to Gamestop but still, there are more to come in the coming days!

Ronald K - Market Psychologist - A Stock Market Opportunist