AMC Jun 2024 3.000 call
- Yahoo Finance Video
The meme stock crowd is expected to 'exit quickly': Expert
After re-energized enthusiasm in the meme stock trade this week, the hype seems to be fading as shares of video game retailer GameStop (GME) and movie theater chain AMC Entertainment (AMC) are sinking Wednesday morning. Financial Insyghts President Peter Atwater sits down with Morning Brief Anchors Seana Smith and Brad Smith to compare recent meme trading activity to that of the early 2021 frenzy "We should expect that as burst-filled as this last week has been, there should be a comparable bust coming in these names. The thing that distinguishes bubbles from from other kinds of behavioral patterns is that first step is the steepest," Atwater says. "So if this is an indicator of mood, we should expect these companies to leave via a high story window quite quickly." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance
Why the 2024 meme stock action is much tamer than 2021 — so far
The current 2024 meme stock moment feels like a callback from 2021's big retail saga that resulted in a movie. But despite some big pops in GameStop and AMC, this time has some key differences.
- Bloomberg
GameStop’s Window to Cash In on the Meme Stock Rally Is Closing
(Bloomberg) -- A raucous two-week stretch for GameStop Corp. has more than tripled its share price, but the company itself hasn’t taken advantage of the surge by selling stock — and the explanations about why are wide-ranging.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedHow One of the World's Oldest Hedge Funds Went Bankru
