Meme-stock traders again piled into shares of GameStop Corp. and AMC Entertainment Holdings Inc. in a revival of the retail-trading frenzy that rocked markets during the pandemic.
“I think it shaped up pretty good for everybody here,” said Tuttle Capital Management Chief Executive Officer Matthew Tuttle. “They did what they needed to do, and the shareholders didn’t get wiped out.” Even so, the activity falls far short of the 2021 flurry. The number of GameStop call options that traded hands on Monday was just 10% of the volume that moved at the peak of the meme stock craze three years ago.
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