GameStop Soars as WallStreetBets Favorites Stage Late Rally
- GameStop, AMC lead a basket of 37 meme stocks higher
- Trading, options volume jumped also for Kos and Naked Brand
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GameStop Corp. helped lead a bevy of retail trader favorites higher on Tuesday as investors touted the stocks on social media platforms including Twitter, Stocktwits and trader chatroom WallStreetBets.
GameStop soared 16% to $209.43, the highest since March 17, propelled by an influx in mid-afternoon trading in New York. Movie theater company AMC Entertainment Holdings Inc. also stood out, with the stock jumping 20% to a roughly four-month high.