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

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Roaring Kitty,Meme,Memestock

GameStop and AMC Entertainment are again capturing retail investors' attention, reminiscent of the meme stock frenzy that gripped Wall Street three years ago. Here's why.

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.

 

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