A heady market rally extended in premarket trading Wednesday after Keith Gill, the trader known as Roaring Kitty who rallied small investors to buy out-of-favor stocks in the pandemic, returned to social media.
The renewed frenzy surrounding high-risk and heavily shorted companies is propelling meme-stock favorites GameStop Corp. and AMC Entertainment Holdings Inc. higher Wednesday for a third consecutive session. But the stocks are surrendering part of rally.
AMC Entertainment fell 0.3%; GameStop fell 2%; Blackberry fell 1%. While Faraday Future rose 121%.
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