Advertisement
Australia markets closed

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • AUD/USD

    0.6530
    +0.0006 (+0.10%)
     

  • OIL

    83.47
    -0.10 (-0.12%)
     

  • GOLD

    2,345.30
    +2.80 (+0.12%)
     

  • Bitcoin AUD

    97,894.76
    +822.48 (+0.85%)
     

  • CMC Crypto 200

    1,338.43
    -58.10 (-4.15%)
     

  • AUD/EUR

    0.6111
    +0.0037 (+0.62%)
     

  • AUD/NZD

    1.0986
    +0.0028 (+0.26%)
     

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NASDAQ

    17,728.03
    +297.52 (+1.71%)
     

  • FTSE

    8,137.65
    +58.79 (+0.73%)
     

  • Dow Jones

    38,216.34
    +130.54 (+0.34%)
     

  • DAX

    18,181.69
    +264.41 (+1.48%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Why AMC Entertainment and GameStop Are Rising Together Again

Rich Duprey, The Motley Fool
·2-min read

The dynamic duo of meme stocks are at it again today as shares of AMC Entertainment (NYSE: AMC) and GameStop (NYSE: GME) are moving once more in tandem this morning. The movie theater operator is carrying meme stocks higher with its shares trading up 8.3% at 10:37 a.m. ET on Thursday, while the video game retailer is up a more modest 1.1%. Meme stocks had fallen out of favor for a while, but in recent weeks traders have awoken to their volatile issues once more, especially after AMC announced it was creating a preferred share of stock that would be issued to investors on a one-for-one basis based on the number of shares of common stock they own.

Continue reading