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GameStop and AMC Entertainment shares active again premarket

Dow Jones2021-03-01

MW GameStop and AMC Entertainment shares active again premarket

The group of "meme" stocks, led by videogame retailer GameStop Corp. $(GME)$ that have been volatile in recent weeks as investors on a Reddit subgroup have egged each other on, were active again in premarket trade Monday. GameStop shares were up 5% premarket, while shares of AMC Entertainment Holdings Inc. $(AMC)$, the world's biggest cinema chain, were up 12%. BlackBerry Ltd (BB.T) was up 3.8%, and Naked Brand Group Ltd. $(NAKD)$ was up 9.5%. Koss Corp. $(KOSS)$, a maker of headphones, was up 2.9%. GameStop shares have gained 440% in the year to date, as investors on Reddit's WallStreetBets platform sought to punish short sellers who had driven short interest in the stock to 140% by buying the stock and creating a short squeeze.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

 

$(END)$ Dow Jones Newswires

March 01, 2021 07:02 ET (12:02 GMT)

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Comment6

  • Hazydusk
    ·2021-03-03
    Spike again!
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  • Bogdanoff
    ·2021-03-02
    gamestonks brudders ?????
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  • WeTheCommoners
    ·2021-03-02
    Nice
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  • BlackJesus
    ·2021-03-01
    Lets get it baby
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  • LeanSeng
    ·2021-03-01
    Game starts. 
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  • PickaChew
    ·2021-03-01
    A comment
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