If You Invested $1,000 In Dogecoin, AMC and Gamestop On Jan. 1, Heres How Much Youd Have Now – Benzinga
Five months are on the books for 2021. Some of the best-performing stocks and investments have been ones pushed by WallStreetBets and seen as potential short squeezes. A cryptocurrency based on a meme has also performed well.
AMC and GameStop: Two of the best-performing stocks of the year have been AMC Entertainment Holdings Inc (NYSE:AMC) and GameStop Corp. (NYSE:GME).
From January through May, shares of AMC Entertainment were up 1,132% and shares of GameStop were up 1,078%.
A $1,000 investment in both of these stocks would have been a strong performer for an investor.
Investing $1,000 in AMC Entertainment would have bought around 472 shares of the company before Jan 1. The $1,000 investment was worth $12,328.64 at the end of May.
Investing $1,000 in GameStop would have bought around 53 shares of the company before Jan. 1. The $1,000 investment was worth $11,766.00 at the end of May.
Compare those strong returns to the S&P 500 ETF Trust (NYSE:SPY) which was up 12% through the end of May. A $1,000 investment in SPY was worth $1,121.51 at the end of May.
Several closely followed large-cap stocks like Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN) and Tesla Inc (NASDAQ:TSLA) are all trading down in 2021 through the first five months, producing a negative return on a hypothetical $1,000 investment in any of those top names.