GME - Is The New Meme Stock Rally Led By GME AMC A Repeat Of 2021? Vanda Research Says No: 'Chances We Reach That Stage Are Low' | Benzinga
Meme stocks GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings Ltd. (NYSE:AMC), which saw whopping gains over the first two sessions of the week, experienced a sharp pullback on Wednesday. Premarket trading indicates that this weakness is likely to persist. However, according to Vanda Research, this fresh meme mania may not reach the same feverish pitch as seen at its peak in 2021.
Muted Meme Rally? Inflows into GameStop and AMC have been only a fraction of what was observed in early 2021, with current trading volume less than one-fourth of the levels seen during the first meme stock rally, reported Yahoo Finance, citing Vanda Research.
In the five sessions leading up to Monday’s close, retail trades in GameStop averaged 7%, while for AMC, the number was only slightly higher, the report noted. This average was significantly higher in 2021, indicating robust participation by retail investors. This trend is also evident in the options market, the report added.
“Do we think more retail traders can jump in on the ...