On Tuesday, GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings Inc. (NYSE:AMC) once again captured the spotlight as their stock prices surged by 147% and 121% in pre-market trading, respectively.
This marks a revival of the meme stock phenomenon that initially took the market by storm in early 2021 driven by Wallstreetbets on Redditt.
Market Response: According to CNBC, Financial analysts are viewing this resurgence as a speculative wave driven by retail investors coordinating through online platforms, highlighting the unpredictability and the potential risk factors associated with such stocks.
Investor Enthusiasm: Both GameStop and AMC have become emblematic of ...