Meme Stocks Soar Again As Short Squeezes and Meme Mania Are Back
Tiger Newspress05-14
Shares of video game retailer GameStop soared more than 74% in value on Monday after a single post by a social media account named “Roaring Kitty”, in a frenzy that recalled the “meme stock” craze at the start of the decade. And AMC Entertainment also surged more than 78%.
Meme stocks soared again in premarket trading Tuesday. GameStop rose 160%; AMC Entertainment rose 150%; Koss rose 44%; Blackberry rose 31%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.