Why GameStop and Other Meme Stocks Jumped Today

Motley Fool2021-09-14

What happened It's hard to know what drives the moves in so-called meme stocks. But after some actual good news for the business helped shares in AMC Entertainment Holdings today, it may just be the ...

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Comments

Alvinkoo
2021-09-14
Alvinkoo
Ask your master when they going to cover then uwill see real jump
YP_2020
2021-09-14
YP_2020
because crime
Moon rider
2021-09-14
Moon rider
Lol..fool publishing foolish report again
睡神经病
2021-09-14
睡神经病
Will it continue?
Charging
2021-09-14
Charging
[開心]
e13v3n
2021-09-14
e13v3n
like
- QPG:
  Ok

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But after some actual good news for the business helped shares in AMC Entertainment Holdings today, it may just be the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/13/why-gamestop-stock-jumped-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://www.fool.com/investing/2021/09/13/why-gamestop-stock-jumped-today/","article_id":"1198740697","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198740697","pubTimestamp":1631589054,"sourceInfo":null,"weMediaInfo":null,"summary":"What happened\nIt's hard to know what drives the moves in so-called meme stocks. But after some actua","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"translate_title":"为什么游戏驿站和其他迷因股今天跳涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9,"GME":0.9},"content_text":"What happened\nIt's hard to know what drives the moves in so-called meme stocks. But after some actual good news for the business helped shares in AMC Entertainment Holdings today, it may just be the others are moving in sympathy. Several other names, including original meme stockGameStop(NYSE:GME)are moving higher. As of 3:50 p.m. EDT, GameStop, apparel retailer Express(NYSE:EXPR), cannabis company Sundial Growers(NASDAQ:SNDL), and SmileDirectClub(NASDAQ:SDC)were moving as follows:\n\nGameStop was up 6.5%.\nExpress was up 8.5%.\nSundial Growers was up 2.8%.\nSmileDirectClub was up 16.3%.\n\nSo what\nMeme stocks sometimes seem to move just on the whims of social media forums. But after AMC got a potential shot in the arm from news in the movie industry today, some of the retail traders following these names may be focusing back on short interest to bet onpotential short squeezes. SmileDirectClub has over 32% of its float sold short, as of the end of August, according to data from MarketWatch.\nGameStop still has almost 12.5% of its shares shorted, Express has 5.3%, and Sundial Growers has 26%. Many investors that are betting on these names focus on that metric, hoping that the short-sellers are forced to cover, driving shares higher.\nNow what\nThe most interesting bit of recent news from these names came when GameStop reported its quarterly financial update last week. While sales grew by more than 25% compared to the prior-year quarter, GameStop reported another net loss. And investors didn't respond well when the new CEO didn't take questions on the conference call, which only lasted eight minutes.\nAnother bit of news from GameStop came out the next day in a Securities and Exchange Commission filing. Investment management firmBlackRock(NYSE:BLK)reported on Sept. 9 that it held 6.6% of GameStop shares. That indicates the company has sold about 50% of its holdings since it last reported its holdings in January.\nBut the drop in GameStop shares has been recouped with today's move upward. Traders relying on social media may be betting on short squeezes and a retail movement to make money in these names. But serious investors should still focus on business fundamentals. That may be why BlackRock took profits last week.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":886564552,"gmtCreate":1631606885476,"gmtModify":1676530588308,"author":{"id":"3570103165740696","authorId":"3570103165740696","name":"Alvinkoo","avatar":"https://static.tigerbbs.com/125771a54fe45d46a60a4151d53465e1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ask your master when they going to cover then uwill see real jump&nbsp;","listText":"Ask your master when they going to cover then uwill see real jump&nbsp;","text":"Ask your master when they going to cover then uwill see real jump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886564552","repostId":1198740697,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886568644,"gmtCreate":1631606619388,"gmtModify":1676530588197,"author":{"id":"3570871396758529","authorId":"3570871396758529","name":"YP_2020","avatar":"https://static.tigerbbs.com/f609764873e43bca636936e0397c8eff","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":4,"crmLevelSwitch":0},"htmlText":"because crime&nbsp;","listText":"because crime&nbsp;","text":"because crime","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886568644","repostId":1198740697,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886599958,"gmtCreate":1631602279574,"gmtModify":1676530586990,"author":{"id":"3577232309243196","authorId":"3577232309243196","name":"Moon rider","avatar":"https://static.tigerbbs.com/5ef804159638bb265110f0fc570fc78a","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Lol..fool publishing foolish report again","listText":"Lol..fool publishing foolish report again","text":"Lol..fool publishing foolish report again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886599958","repostId":1198740697,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886250789,"gmtCreate":1631598059341,"gmtModify":1676530586025,"author":{"id":"3574824227783735","authorId":"3574824227783735","name":"睡神经病","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Will it continue?&nbsp;","listText":"Will it continue?&nbsp;","text":"Will it continue?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886250789","repostId":1198740697,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886239705,"gmtCreate":1631592676707,"gmtModify":1676530584749,"author":{"id":"3574924744683779","authorId":"3574924744683779","name":"Charging","avatar":"https://static.tigerbbs.com/bb132b01616074824a4d1a4b8478727e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[開心]&nbsp;","listText":"[開心]&nbsp;","text":"[開心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886239705","repostId":1198740697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":886209912,"gmtCreate":1631590490636,"gmtModify":1676530584196,"author":{"id":"3565819252889467","authorId":"3565819252889467","name":"e13v3n","avatar":"https://static.tigerbbs.com/387ab24895655e32d7ddaf87ded7da37","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886209912","repostId":1198740697,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5862069,"gmtCreate":1631591009918,"gmtModify":1663233851740,"authorId":3574741031985031,"author":{"id":3574741031985031,"authorId":3574741031985031,"name":"QPG","avatar":"https://static.tigerbbs.com/2a7df0e38bbedb258a49cc9fd563fa0f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886209912,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":67,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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