TUP - Amid GME AMC Rally Expert Says 'First Time This Happened It Was More Of A Movement But Right Now This Looks Like A Craze' | Benzinga
After a brief lull, GameStop Corp. (NYSE:GME) and other meme stocks are back in the spotlight, sparking a fresh wave of excitement and concern on Wall Street.
What Happened: Meme stocks, a term used to describe stocks that experience rapid and extreme price movements driven by social media, are once again making headlines. GameStop, the video game retailer at the center of the 2021 meme stock frenzy, has seen its stock price surge by 340% over the past 10 trading days, largely due to posts on the X platform linked to “Roaring Kitty” Keith Gill, a key figure in the previous meme stock craze.
Other companies, including AMC Entertainment Holdings Inc (NYSE:AMC), Koss Corporation (NASDAQ:KOSS), and Tupperware Brands Corp (NYSE:TUP), have also experienced significant increases in their stock prices. Many of these stocks are heavily shorted, and their fundamentals have ...