To The Moon

As we detailed previously, every June, the Russell Index rebalances by removing stocks that no longe

Why a crash in meme stocks AMC and GameStop..The substantial stock sales by directors of GameStop GME, +0.28% and AMC Entertainment Holdings AMC, +10.06% didn’t surprise most rational investors. It’s clear that the current prices of these and other meme stocks are vastly inflated. In fact, investors should have seen AMC’s issuing new shares at its bloated price to raise capital as a warning sign. Critics might lambaste the opportunism of such insider selling, citing corporate governance gurus encouraging director ownership to align interests with public shareholders. But who can blame them? What is surprising is that more outside shareholders haven’t taken the signal to sell. It’s common for savvy investors to scan insider purchases and sales for signs of good or bad news ahead. Aggregate

Meme-stock mania has launched AMC stock to new highs, but that doesn't mean you should buy it.