Meme stocks are rising again after Roaring Kitty re-emerges on social media

GameStop and AMC Entertainment have again captured retail investor's attention, causing a resurgence of the "meme stock frenzy" that gripped Wall Street three years ago.Meme stocks refer to certain company shares that have been boosted by retail investors using trading platforms and social media investment advice.

Other meme stocks from the pandemic era are moving just as radically. AMC Entertainment, the movie theatre operator, leapt 32 per cent on Tuesday. They include a sketch of a man leaning forward on a chair, a popular meme among gamers that indicates things are getting serious.

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:

abcnews /  🏆 5. in US

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

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX eyes gains as Wall Street advances; Meme stocks surgeStocks drifted higher in afternoon trading on Wall Street, leaving the market hovering just below the record high it set in late March.
Read more »

ASX eyes gains as Wall Street advances; Meme stocks surgeStocks drifted higher in afternoon trading on Wall Street, leaving the market hovering just below the record high it set in late March.
Read more »