For meme stock investors on Thursday, generally speaking, their companies either notably underperformed the S&P 500 index or convincingly outpaced it.
In the former category, there's Tonix Pharmaceuticals (NASDAQ: TNXP) and electric vehicle (EV) battery specialist Microvast Holdings (NASDAQ: MVST) falling a respective 2.5% and 6.2%. Contrarily, AMC Entertainment (NYSE: AMC) and GameStop (NYSE: GME) rose by 4.8% and 2.5%, respectively.
There was little fresh news and relatively muted social media chatter for the quartet on Thursday. Instead, trading activity seemed to be related to the most recent developments with (and around) these companies.
For further details see:
Why Meme Stocks Like AMC and GameStop Were All Over the Place Today