Reported 5 months ago
AMC Entertainment Holdings Inc. and GameStop Corp. saw their shares rally on Friday after experiencing significant declines earlier in the week. The volatility in these stocks was part of a meme-stock rally influenced by trader Keith Gill, also known as "Roaring Kitty," returning to social media. AMC shares rose 6.4% while GameStop shares gained 3.7% on Friday, following their biggest declines since mid-May. The recent meme-stock frenzy has been described as an "outlier event" by finance experts, with short interest being a key factor in the stocks' movements. Investors are advised to avoid getting caught up in the hype surrounding meme stocks and focus on longer-term prospects.
Source: YAHOO