Meme stocks AMC, GameStop poised to end strong week on a high

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Shares of AMC Entertainment and GameStop gained on Friday, on track for a strong end to a spectacular week, which has already seen the movie ...

Shares of AMC Entertainment and GameStop gained on Friday, on track for a strong end to a spectacular week, which has already seen the movie theater chain's market value double as retail traders stormed back into meme stocks.

AMC's shares were up 17.3per cent to US$31.11 in U.S. premarket trading on Friday, while those of video game retailer GameStop were 2per cent higher. GameStop, which was at the heart of the so-called"stonks" retail trading mania this year, is set for its best weekly gain since mid-March, up more than 43per cent so far.

 

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