Yahoo Finance reporter Alexandra Semenova details a new report that the SEC is investigating Melvin Capital for potentially misleading investors.
Yahoo Finance's Brian Cheung looks at stocks making the biggest moves in the market today.
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.