Meme stocks are flying again in premarket trading

Tiger Newspress2021-06-03

Meme stocks are flying again in premarket trading.BlackBerry,AMC Entertainment,Sundial Growers and GameStop climbed between 2% and 28%.

BlackBerry Limited continues to see increased interest from retail investors and has now overtaken AMC Entertainment Holdings Inc. to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.

The moonshot surge in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies.

The company has gone from a small cap to a large cap in the space of a few months. A 95% gain amid a retail-trading frenzy on Wednesday left the movie-theater chain with a market capitalization of $31.3 billion. That makes it more valuable than half of the companies in the S&P 500 Index.

Paper losses from the bearish wagers on 10 of the most-shorted U.S. shares amounted to $4.5 billion Wednesday, according to Peter Hillerberg, co-founder of analytics provider Ortex. That includes $2.75 billion in unrealized losses for AMC Entertainment Holdings Inc. following the stock’s 95% surge, rising to nearly $4 billion after adding in GameStop Corp. and Bed Bath & Beyond Inc.

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Comments

ET2021
2021-06-03
ET2021
This is really unbelievable
Pplymm
2021-06-03
Pplymm
Like and comment pls
lost0star
2021-06-03
lost0star
Okay
- lost0star:
  okay
lost0star
2021-06-03
lost0star
Okay
Juzanub
2021-06-03
Juzanub
Nice
fwpang
2021-06-03
fwpang
Comment and like.Thanks
- Juzanub:
  Ok
- Jefflim:
  Ok

Leave a comment

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