GME, AMC meme stocks gainmore than 100% in premarket. Prices descend to +50% to +80% gains in regular market on Tuesday. Keith Gill continues to post video clips on social media, hyping up his retail followers. GameStop recorded more than 17 times the usual volume on Monday. GameStop and AMC Entertainment are at it again on Tuesday. Both stocks more than doubled in Tuesday’s premarket as more retail investors piled into 2021’s favorite meme stocks.
How do meme stocks become popular? Online investing forums like Reddit’s r/WallStreetBets are known to be breeding grounds for meme stocks. Normally, some small group of posters begin making memes of a stock they are buying. If the argument behind it is cogent or even just funny, the memes may provoke other retail investors to jump aboard.
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Source: FXStreetNews - 🏆 14. / 72 Read more »