GME - Gamestop AMC Meme Stock Rally Not Driven By Retail Traders This Time IG North America CEO Says 'I Do Not Get The Feeling' | Benzinga
The recent surge in meme stocks, including GameStop Corp. (NYSE:GME), AMC Entertainment Holdings (NYSE:AMC), and BlackBerry Ltd (NYSE:BB), is not the result of retail traders acting in unison, according to a top industry executive.
What Happened: JJ Kinahan, CEO of IG North America, suggested that the current meme stock rally is not driven by retail traders, as was the case in the past. Kinahan shared his views during an interview on CNBC’s Last Call.
“Last time, in my opinion, this started out with retail traders all doing something at the same time. I do not get the feeling that’s what happened this time,” Kinahan said, referring to the current meme stock surge.
"Last time, in my opinion, this started out with retail traders all doing something at the same time. I ...