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
Meme Stocks Rally: To The Moon Or Failure To Launch?
Benzinga · 12/01/2023 06:01
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.