Meme Stocks Rally: To The Moon Or Failure To Launch?

Benzinga ·  12/01/2023 06:01

Several stocks favored by the retail investor crowd saw gains earlier this week, but what looked like a promising meme stock rally fizzled out by Thursday.Classic meme stock names including GameStop Corp (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC) were high on trending tickers lists and listed as some of the biggest daily movers.What Happened: GameStop shares appeared to have kicked off the recent rally on Tuesday, and had gained 40% by Wednesday, only to fall 10% at last check on Thursday.According to an article from The Business Times, call volume began to dwindle Wednesday afternoon. "They

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