GME - Why Are Meme Stocks BBBY AMC GME Up Today?
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It’s the return of the meme stocks on Wednesday as Bed Bath & Beyond (NASDAQ:BBBY), AMC Entertainment (NYSE:AMC), and GameStop (NYSE:GME) are all on the rise.
Investors wondering what’s happening with these stocks can turn to Bed Bath & Beyond. The company’s shares have been undergoing a recent rally as traders expect a bankruptcy filing in the near future.
This comes after the company has struggled in recent months. That includes a poor holiday quarter as it failed to keep enough stock on shelves for customers to buy. This has BBBY warning investors about the financial trouble it’s in, which is why they expect a bankruptcy filing.
What This Means for Other Meme Stocks
While there’s no news directly concerning AMC or GME stock today, both of them are still heading higher. It looks like the interest in BBBY stock is spreading to other meme stocks with traders buying up shares of BBBY, AMC, and GME today.
Here’s a quick breakdown of today’s meme stock movement.
- BBBY stock is up 39.6% as of Wednesday afternoon with some 149 million shares on the move. Its daily average trading volume is about 15 million shares.
- AMC stock is rising 14.9% higher as of this writing as over 34 million shares change hands. The company’s daily average trading volume is roughly 26 million shares.
- GME stock is gaining 4.5% this afternoon with more than 5.8 million shares moving. The retailer’s daily average trading volume is about 4.9 million shares.
Investors looking for more of the latest stock market news will want to keep reading!
We’ve got all of the most recent stock coverage traders need for Wednesday! A few examples include what’s going on with shares of Jaguar Health (NASDAQ:JAGX), Biora Therapeutics (NASDAQ:BIOR), and CarMax (NYSE:KMX) stock today. You can get up to speed on this news at the links below!
More Wednesday Stock Market News
- Dear JAGX Stock Fans, Mark Your Calendars for Jan. 12
- Why Is Biora Therapeutics (BIOR) Stock Up 12% Today?
- KMX Stock Alert: What to Know as JPMorgan Downgrades CarMax
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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