Meme mania returns as GameStop and AMC stocks soar

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 99%

United States News News

United States United States Latest News,United States United States Headlines

Shares of meme stock darling GameStop soared 10 per cent Thursday, prompting trades to be halted several times due to volatility. But there was no specific news to justify or explain the big pop.

and other meme stocks are rallying? They may be getting a lift from what's known as a short squeeze.

It's a very risky strategy, though. If a shorted stock goes up from the price the short seller purchased it, the investor can lose a lot of money. Investors in AMC and other meme stocks even have an acronym to describe this phenomenon: MOASS, which stands for Mother of All Short Squeezes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines