As meme stocks soar for AMC, here's what it means for companies

Meme stocks are back. One day after an account associated with the phenomenon posted for the first time in years on the X social media platform, shares in companies that have been linked to speculative trading activity are soaring in value. Leading the way is video game retailer GameStop, whose shares soared 74% in Monday trading to about $30 and were up another 93% in Tuesday morning trading before the opening bell.

But on Monday, one of the chief meme-stock cheerleaders, known by the online moniker Roaring Kitty, posted a meme signaling he was planning to become active again.

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