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Meme-Stock Mania Returns With Big Swings and Flood of Retail Money

  • Basket of individual trader favorites has soared recently
  • AMC leads gains among meme shares as Hycroft Mining soars
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Meme-Stock Mania Returns
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Wall Street and individual investors are once again dashing in and out of so-called meme stocks as the appetite for riskier assets revives and volatility grips the group.

A basket of 37 meme stocks tracked by Bloomberg has surged 46% off a March bottom, rallying in 9 of 11 sessions as millions of shares change hands. A flurry of trading activity in out-of-the-money call options -- a favored trading method among retail investors seeking to capitalize on rapid gains in an individual stock -- have helped fuel the latest swings.