Flash in the Pan Meme Moment Takes Some Stock Traders on Wild Ride
Posted on AllSides May 18th, 2024
From The Left
The meme-stock revival was over almost as quickly as it began.
GameStop Corp. and AMC Entertainment Holdings Inc. — the poster children of 2021’s frenzy — saw shares surge at the start of the week only to fizzle, with the bulk of those gains erased just days later. Other speculative corners of the market, mainly beaten-down stocks that have drawn the scrutiny of short-selling hedge funds, saw their booms mostly go bust while the broader US stock market powered to record highs.
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