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Weekly Hottest Sector｜Roaring Kitty Is Back but FFIE is This Time Meme Frenzy's Biggest Winner

It was the week the meme-stock frenzy from 2021 returned with a vengeance - and it may all be over already.All it took was a tweet from the long-dormant X account associated with investor Keith Gill,

Weekly Hottest Sector｜Roaring Kitty Is Back but FFIE is This Time Meme Frenzy's Biggest Winner

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While shares of the short-lived rally&#39;s flag bearers continued to unravel Friday, smaller meme-related equities ended the week with higher gains.</p><p style=\"text-align: start;\">For example, EV-related startup Faraday Future (FFIE) soared as much as 122% Friday before crashing into red territory. The stock still gained more than 2,000% over the past five days.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e08b997968e777fbc4f18017bd4739f\" tg-width=\"732\" tg-height=\"596\"/></p><h2 id=\"id_1898331808\">GameStop Issues Profit Warning, Files to Issue More Shares</h2><p>GameStop Corp.’s stock fell 20% on Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and also filed to sell more shares.</p><p>Grapevine, Texas-based GameStop said it expects its first-quarter net loss to range from $27 million to $37 million, narrower than the loss of $50.5 million posted in the year-earlier quarter. The company’s first quarter ended May 4.</p><p>Sales are expected to range from $872 million to $892 million, down from $1.237 billion a year ago.</p><h2 id=\"id_1692616779\">AMC Discloses Debt-for-Equity Swap That Will See It Issue 23.3 Million Shares</h2><p>AMC Entertainment Holdings disclosed that it will issue 23.3 million shares in a debt-for-equity exchange for $163.9 million of bonds that mature in 2026 on Wednesday.</p><p style=\"text-align: start;\">The 10%/12% cash/PIK toggle bonds — PIK stands for payment-in-kind — offer an issuer the ability to defer interest payments in return for a higher coupon later.</p><h2 id=\"id_830057657\">Bill Gross Sells GameStop, AMC Options to Cash In on Meme Mania</h2><p>Bill Gross is making a habit of selling options on meme stocks, and his latest trades center on GameStop Corp. and AMC Entertainment Holdings Inc. The legendary investor said he sold calls and puts on the poster children of the meme stock mania, as the shares of both companies take off with speculators using the retail trader favorites as a way to treat the stock market as a casino.</p><p>In a critique of the latest trading flurry, in which GameStop has soared 179% in two days while AMC has jumped 135%, Gross posted on X that “Gamestonk” is passe. “Buy? Sell? Not me,” he wrote on the social media platform Tuesday.</p><p>His strategy centers on selling what he describes as “400% annualized volatility.” </p><h2 id=\"caas-lead-header-undefined\">These stocks ripped even higher than GameStop in the meme rally</h2><p>GameStop (GME) and AMC (AMC) weren&#39;t the only stocks caught up in this week&#39;s meme craze. While shares of the short-lived rally&#39;s flag bearers continued to unravel Friday, smaller meme-related equities ended the week with higher gains.</p><p>For example, EV-related startup <strong>Faraday Future</strong> (FFIE) soared as much as 122% Friday before crashing into red territory. The stock still gained more than 2,000% over the past five days.</p><p>Over the past 24 hours, Faraday Future was the third-most-mentioned stock on Reddit&#39;s WallStreetBets forum behind the SPDR S&amp;P 500 ETF (SPY) and Nvidia (NVDA), according to web data company Thinknum.</p><p>Retail trader and YouTuber Matt Kohrs told Yahoo Finance, &#34;Similar to 2021 [during the meme rally], people seem to be targeting equities with high short interest,&#34; noting Faraday Future&#39;s short interest sits at roughly 92% of the float.</p><p>Other heavily shorted stocks that were volatile during the session include <strong>Crown ElectroKinetics</strong> (CRKN). The Oregon-based smart glass micro-cap company gained nearly 300% over the past five days.</p><p><strong>Greenwave Technology Solutions</strong> (GWAV) was up more than 250% for the week. The small, Virginia-based metal recycling company added to prior session gains as shares of GameStop and AMC were unraveling.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Weekly Hottest Sector｜Roaring Kitty Is Back but FFIE is This Time Meme Frenzy's Biggest Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeekly Hottest Sector｜Roaring Kitty Is Back but FFIE is This Time Meme Frenzy's Biggest Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-05-19 09:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">It was the week the meme-stock frenzy from 2021 returned with a vengeance - and it may all be over already.</p><p style=\"text-align: start;\">All it took was a tweet from the long-dormant X account associated with investor Keith Gill, aka Roaring Kitty, last Sunday to spark a fresh frenzy of buying of videogame retailer GameStop Corp.&#39;s (GME) and cinema chain AMC Entertainment Holdings Inc.&#39;s (AMC) stocks that lasted through Tuesday.</p><p><img src=\"https://community-static.tradeup.com/news/9e2af2d57b32a97fb66374bf7da4b7b1\" alt=\"\"/>GameStop (GME) and AMC (AMC) weren&#39;t the only stocks caught up in this week&#39;s meme craze. While shares of the short-lived rally&#39;s flag bearers continued to unravel Friday, smaller meme-related equities ended the week with higher gains.</p><p style=\"text-align: start;\">For example, EV-related startup Faraday Future (FFIE) soared as much as 122% Friday before crashing into red territory. The stock still gained more than 2,000% over the past five days.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e08b997968e777fbc4f18017bd4739f\" tg-width=\"732\" tg-height=\"596\"/></p><h2 id=\"id_1898331808\">GameStop Issues Profit Warning, Files to Issue More Shares</h2><p>GameStop Corp.’s stock fell 20% on Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and also filed to sell more shares.</p><p>Grapevine, Texas-based GameStop said it expects its first-quarter net loss to range from $27 million to $37 million, narrower than the loss of $50.5 million posted in the year-earlier quarter. The company’s first quarter ended May 4.</p><p>Sales are expected to range from $872 million to $892 million, down from $1.237 billion a year ago.</p><h2 id=\"id_1692616779\">AMC Discloses Debt-for-Equity Swap That Will See It Issue 23.3 Million Shares</h2><p>AMC Entertainment Holdings disclosed that it will issue 23.3 million shares in a debt-for-equity exchange for $163.9 million of bonds that mature in 2026 on Wednesday.</p><p style=\"text-align: start;\">The 10%/12% cash/PIK toggle bonds — PIK stands for payment-in-kind — offer an issuer the ability to defer interest payments in return for a higher coupon later.</p><h2 id=\"id_830057657\">Bill Gross Sells GameStop, AMC Options to Cash In on Meme Mania</h2><p>Bill Gross is making a habit of selling options on meme stocks, and his latest trades center on GameStop Corp. and AMC Entertainment Holdings Inc. The legendary investor said he sold calls and puts on the poster children of the meme stock mania, as the shares of both companies take off with speculators using the retail trader favorites as a way to treat the stock market as a casino.</p><p>In a critique of the latest trading flurry, in which GameStop has soared 179% in two days while AMC has jumped 135%, Gross posted on X that “Gamestonk” is passe. “Buy? Sell? Not me,” he wrote on the social media platform Tuesday.</p><p>His strategy centers on selling what he describes as “400% annualized volatility.” </p><h2 id=\"caas-lead-header-undefined\">These stocks ripped even higher than GameStop in the meme rally</h2><p>GameStop (GME) and AMC (AMC) weren&#39;t the only stocks caught up in this week&#39;s meme craze. While shares of the short-lived rally&#39;s flag bearers continued to unravel Friday, smaller meme-related equities ended the week with higher gains.</p><p>For example, EV-related startup <strong>Faraday Future</strong> (FFIE) soared as much as 122% Friday before crashing into red territory. The stock still gained more than 2,000% over the past five days.</p><p>Over the past 24 hours, Faraday Future was the third-most-mentioned stock on Reddit&#39;s WallStreetBets forum behind the SPDR S&amp;P 500 ETF (SPY) and Nvidia (NVDA), according to web data company Thinknum.</p><p>Retail trader and YouTuber Matt Kohrs told Yahoo Finance, &#34;Similar to 2021 [during the meme rally], people seem to be targeting equities with high short interest,&#34; noting Faraday Future&#39;s short interest sits at roughly 92% of the float.</p><p>Other heavily shorted stocks that were volatile during the session include <strong>Crown ElectroKinetics</strong> (CRKN). The Oregon-based smart glass micro-cap company gained nearly 300% over the past five days.</p><p><strong>Greenwave Technology Solutions</strong> (GWAV) was up more than 250% for the week. The small, Virginia-based metal recycling company added to prior session gains as shares of GameStop and AMC were unraveling.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GWAV":"Greenwave Technology Solutions Inc.","AMC":"AMC院线","GME":"游戏驿站","FFIE":"Faraday Future","CRKN":"Crown Electrokinetics Corp."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135619293","content_text":"It was the week the meme-stock frenzy from 2021 returned with a vengeance - and it may all be over already.All it took was a tweet from the long-dormant X account associated with investor Keith Gill, aka Roaring Kitty, last Sunday to spark a fresh frenzy of buying of videogame retailer GameStop Corp.'s (GME) and cinema chain AMC Entertainment Holdings Inc.'s (AMC) stocks that lasted through Tuesday.GameStop (GME) and AMC (AMC) weren't the only stocks caught up in this week's meme craze. While shares of the short-lived rally's flag bearers continued to unravel Friday, smaller meme-related equities ended the week with higher gains.For example, EV-related startup Faraday Future (FFIE) soared as much as 122% Friday before crashing into red territory. The stock still gained more than 2,000% over the past five days.GameStop Issues Profit Warning, Files to Issue More SharesGameStop Corp.’s stock fell 20% on Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and also filed to sell more shares.Grapevine, Texas-based GameStop said it expects its first-quarter net loss to range from $27 million to $37 million, narrower than the loss of $50.5 million posted in the year-earlier quarter. The company’s first quarter ended May 4.Sales are expected to range from $872 million to $892 million, down from $1.237 billion a year ago.AMC Discloses Debt-for-Equity Swap That Will See It Issue 23.3 Million SharesAMC Entertainment Holdings disclosed that it will issue 23.3 million shares in a debt-for-equity exchange for $163.9 million of bonds that mature in 2026 on Wednesday.The 10%/12% cash/PIK toggle bonds — PIK stands for payment-in-kind — offer an issuer the ability to defer interest payments in return for a higher coupon later.Bill Gross Sells GameStop, AMC Options to Cash In on Meme ManiaBill Gross is making a habit of selling options on meme stocks, and his latest trades center on GameStop Corp. and AMC Entertainment Holdings Inc. The legendary investor said he sold calls and puts on the poster children of the meme stock mania, as the shares of both companies take off with speculators using the retail trader favorites as a way to treat the stock market as a casino.In a critique of the latest trading flurry, in which GameStop has soared 179% in two days while AMC has jumped 135%, Gross posted on X that “Gamestonk” is passe. “Buy? Sell? Not me,” he wrote on the social media platform Tuesday.His strategy centers on selling what he describes as “400% annualized volatility.” These stocks ripped even higher than GameStop in the meme rallyGameStop (GME) and AMC (AMC) weren't the only stocks caught up in this week's meme craze. While shares of the short-lived rally's flag bearers continued to unravel Friday, smaller meme-related equities ended the week with higher gains.For example, EV-related startup Faraday Future (FFIE) soared as much as 122% Friday before crashing into red territory. The stock still gained more than 2,000% over the past five days.Over the past 24 hours, Faraday Future was the third-most-mentioned stock on Reddit's WallStreetBets forum behind the SPDR S&P 500 ETF (SPY) and Nvidia (NVDA), according to web data company Thinknum.Retail trader and YouTuber Matt Kohrs told Yahoo Finance, \"Similar to 2021 [during the meme rally], people seem to be targeting equities with high short interest,\" noting Faraday Future's short interest sits at roughly 92% of the float.Other heavily shorted stocks that were volatile during the session include Crown ElectroKinetics (CRKN). The Oregon-based smart glass micro-cap company gained nearly 300% over the past five days.Greenwave Technology Solutions (GWAV) was up more than 250% for the week. The small, Virginia-based metal recycling company added to prior session gains as shares of GameStop and AMC were unraveling.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}