GameStop, AMC Entertainment Shares Soar as Meme Stock Rally Returns – The Wall Street Journal
The meme stocks are back.
Shares of companies that set the stock market and social media abuzz earlier this year are rallying again this week, rewarding individual investors who have held on for months. GameStop Corp. , AMC Entertainment Holdings Inc., and Express Inc. are all up more than 36% week-to-date, pushing each stock to levels not seen for weeks—or in some cases, months.
The sudden surge is reminiscent of late-January, when individual investors banded together to drive shares of companies once left for dead by Wall Street to unprecedented heights. This week’s rally—though tamer by comparison—has similarly lit up Reddit forums, Discord chat rooms and Twitter feeds.