“Gamestop, memestocks, and the revenge of the retail trader”
January 27, 2021
“Gamestop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has perplexed market observers, irked hedge funds, and generally made crypto’s recent gains appear soft and weak… It was worth around $4 per share last summer. It started 2021 worth around $18. Now it’s $147.98 after rising 92.7% yesterday, and is up $69.02 this morning, or 46.6%…”
https://finance.yahoo.com/news/gamestop-memestocks-revenge-retail-trader-142719034.html