It wasn't only GameStop that caught fire Monday. Some of the same meme stocks that recorded astronomical gains back in 2021 surged as well.FILE - Keith Gill, a GameStop investor, also known as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021.NEW YORK — The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of those quirky and volatile stocks sharply higher Monday.
At Monday's opening bell it appeared that Gill had reignited that phenomenon as shares of GameStop more than doubled at the opening bell and were trading 60% higher at midday. It's the biggest intraday trading jump for GameStop since the meme craze in 2021. Other meme stocks like the theater chain AMC were jolted higher as well.
The small guys won, at least for a while, driving shares of GameStop up more than 1,000% in 2021, and other meme stocks as well. The struggling movie theater chain AMC jumped 2,300% in the same year.Gill and other investors in GameStop were betting, in part, on the ability of Ryan Cohen, co-founder of Chewy.com, to push the traditional retailer in a more online direction.
AMC Entertainment Holdings Inc. leapt 33%. Koss Co. a headphone manufacturer, spiked 25% and BlackBerry, the one time dominant smartphone maker, rose 7%. The retailer Bed, Bath & Beyond, another meme stock,
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