GameStop, AMC rise in aftermarket trade as meme stock rally pushes higher
Investing.com-- Gamestop and AMC rose in aftermarket trade on Monday as a rally in so-called meme stocks spilled over into evening deals, after a key figure in their 2021 rally re emerged from an extended break on social media.) were the best performers among their peers, rising more than 20% each after rallying 74% and 80%, respectively, during active trade.
Gill’s posts on Reddit, particularly on his investing in Gamestop and the overwhelming amount of short positions against the stock, had spurred a flurry of retail buying into Gamestop. But despite Monday’s gains, Gamestop, AMC and the other meme stocks remained well below peaks hit during 2021. Gamestop was trading at about $36 a share- a fraction of the $120 hit in early-2021.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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