AMC Jun 2024 16.000 call
- Yahoo Finance Video
Meme stock frenzy begins to fizzle
Meme stocks have made a return after popular Reddit contributor Keith Gill, also known as "Roaring Kitty," returned to social media. Stocks like GameStop (GME) and AMC Entertainment (AMC) saw a bump in trading but, as of Friday afternoon, are showing signs of fizzling out. Other companies, including small-cap stocks like Faraday Future Intelligent Electric (FFIE) and Greenwave Technology Solutions (GWAV) were caught up in the meme craze, seeing triple-digit percentage gains for the week. Yahoo Finance Reporter Ines Ferré joins Market Domination to break down the movements in meme stocks. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Bloomberg
Goldman Sees Fear of Underperforming as Retail Crowd Returns
(Bloomberg) -- Traders are keeping a close eye on flows into equities from the retail crowd as stocks hover near record highs and meme stocks popped and then fizzled this week. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingVoters Prefer Trump Over Biden on Economy. This Data Shows WhyUS Inflation Data Was Accidentally Released 30 Minut
- Bloomberg
GameStop Rout Reaches $8 Billion After Plan to Sell Shares
(Bloomberg) -- GameStop Corp. tumbled after filings opened the door for it to sell more equity, furthering a rout that erased most of the meme-fueled rally that had sent the stock soaring 271% at the start of the week. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingVoters Prefer Trump Over Biden on Economy. This Data Shows WhyUS Inflati
