Why Shares of GameStop and AMC Entertainment Skyrocketed

fool2021-03-26

What happened GameStopandAMC Entertainmentsurged 52% and 21%, respectively, Thursday, helping them recover a significant portion of their recent losses.So whatGameStop'sstockshed a third of its value ...

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Comments

Esha
2021-03-27
Esha
Seriously...
Hoshihara
2021-03-26
Hoshihara
?這些評論我看不懂？
kareayam
2021-03-26
kareayam
Same old FuD news.
Kunyoung
2021-03-26
Kunyoung
Stonks
Daveb
2021-03-26
Daveb
Fool is right and hindsight a wonderful thing.No mention of synthetic shares, massive shorts or that there is any risk to the hedgies...oh how i should stop reading this rubbish. ???????
- Samuel20488:
  Yes totally I agree with u
MarketPulse
2021-03-26
MarketPulse
I wonder would it cross $200 again.
- MarketPulse:
  Yes... straight to the moon
- Jo5tarz:
  confirm! to the moon!

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Analysts were also miffed that GameStop failed to offer much insight into its digital transformation plan and declined to take questions during its earnings call.AMC Entertainment was likewise down sharply earlier this week, following news thatWalt Disneywould make two of its upcoming movies available on its popular Disney+ streaming service the same day they begin showing in theaters.Some investors apparently felt the sell-off was overdone. Bulls no doubt took heart in Jefferies Financial Group's massive price target hike for GameStop's stock. Analyst Stephanie Wissink boosted her share price forecast more thantenfoldfrom $15 to $175. Wissink posited that GameStop would successfully transition its business away from its brick-and-mortar stores to a primarily e-commerce model, while also seizing opportunities in esports and collectibles.It should be noted, however, that GameStop hired Jefferies to assist with a potential share offering. Jefferies also owns a significant portion of GameStop stock.  Still, investors bid up GameStop's shares to $183.75, or within about 5% of Jefferies' new target price.Seeing GameStop rally likely also helped to boost the sentiment for AMC among traders on Reddit and other social media sites. Many individual investors have tried to coordinate their stock purchases on these sites in recent months, which has helped to fuel violent price swings in GameStop, AMC, and other so-called meme stocks -- companies that have had their shares hyped on the internet -- both to the upside and downside.Now whatBy bidding up their stocks so sharply, investors are betting that GameStop and AMC will not just survive, but thrive, in a post-pandemic world. Yet GameStop's stores still face an existential threat from video game downloads, while rapidly growing streaming services like Disney+ threaten the long-term survival of AMC's theaters. 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old FuD news.","listText":"Same old FuD news.","text":"Same old FuD news.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356189800","repostId":1112908258,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358773506,"gmtCreate":1616735861405,"gmtModify":1704798080116,"author":{"id":"3578362836214202","authorId":"3578362836214202","name":"Kunyoung","avatar":"https://static.tigerbbs.com/aab96e514f9c631f045dcf7765d2a1ed","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578362836214202","authorIdStr":"3578362836214202"},"htmlText":"Stonks","listText":"Stonks","text":"Stonks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358773506","repostId":1112908258,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358747908,"gmtCreate":1616735511104,"gmtModify":1704798077039,"author":{"id":"3575141057639271","authorId":"3575141057639271","name":"Daveb","avatar":"https://static.tigerbbs.com/61df162e1597f1b5a6a6bfb13d7d92f5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575141057639271","authorIdStr":"3575141057639271"},"htmlText":"Fool is right and hindsight a wonderful thing.No mention of synthetic shares, massive shorts or that there is any risk to the hedgies...oh how i should stop reading this rubbish. ???????","listText":"Fool is right and hindsight a wonderful thing.No mention of synthetic shares, massive shorts or that there is any risk to the hedgies...oh how i should stop reading this rubbish. ???????","text":"Fool is right and hindsight a wonderful thing.No mention of synthetic shares, massive shorts or that there is any risk to the hedgies...oh how i should stop reading this rubbish. ???????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358747908","repostId":1112908258,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3888725,"gmtCreate":1616739216893,"gmtModify":1680781802532,"authorId":3569537075482866,"author":{"id":3569537075482866,"idStr":"3569537075482866","authorId":3569537075482866,"name":"Samuel20488","avatar":"https://static.tigerbbs.com/e903f64b9f45b0849b62eb88e7354e6f","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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<u>u</u>"}],"langContent":"EN"},{"id":358741475,"gmtCreate":1616734836597,"gmtModify":1704798067311,"author":{"id":"3577347851898435","authorId":"3577347851898435","name":"MarketPulse","avatar":"https://static.tigerbbs.com/d6b16f1b86e7977d1bb375d78b71b51d","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"idStr":"3577347851898435","authorIdStr":"3577347851898435"},"htmlText":"I wonder would it cross $200 again.","listText":"I wonder would it cross $200 again.","text":"I wonder would it cross $200 again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/358741475","repostId":1112908258,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3890088,"gmtCreate":1616750784584,"gmtModify":1680781829368,"authorId":3577347851898435,"author":{"id":3577347851898435,"idStr":"3577347851898435","authorId":3577347851898435,"name":"MarketPulse","avatar":"https://static.tigerbbs.com/d6b16f1b86e7977d1bb375d78b71b51d","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 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