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GameStop shares jump for a second day, but are well off the highs as meme enthusiasm starts to fade - TL;DR CNBC

GameStop shares jump for a second day, but are well off the highs as meme enthusiasm starts to fade

Publishing timestamp: 2024-05-14 13:32:18


Summary

GameStop, AMC, Blackberry, and other meme stocks saw a surge in their share prices as the meme stock frenzy returned. Roaring Kitty, also known as Keith Gill, ignited the rally with his first online post in three years. Retail investors are becoming more bullish, despite no fundamental reason for the move. Short sellers of GameStop have already lost billions in May.


Sentiment: MIXED

Tickers: KOSSAMCGMEBBAMCX

Keywords: breaking news: marketsgamestop corpbusiness newsworld marketsamc entertainment holdings incamc networks incmarkets

Source: https://www.cnbc.com/2024/05/14/gamestop-amc-shares-jump-another-40percent-in-premarket-trading-as-meme-stock-craze-returns.html


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