GameStop, AMC Jump With Meme Stocks Back in Favor — for Now
- Gains prove there is still demand for meme stocks after drop
- Meme stock basket rebounds but remains down 60% from June high
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Big rallies for GameStop Corp. and AMC Entertainment Holdings Inc. are proving that there is still demand for meme stocks.
The video-game retailer soared as much as 33%, triggering at least four trading halts, as investors flipped shares of beaten-down stocks. The rally carried over to AMC Entertainment, the other poster-child of the so-called meme stock mania that gripped Wall Street last year, as shares of the movie theater company spiked more than 30% at one point.