GameStop, AMC surge in early trade as meme stock rally pushes higher
Investing.com-- GameStop and AMC rose in early U.S. trade on Tuesday as a rally in so-called meme stocks spilled over into second day, after a key figure in their 2021 rally re-emerged after an extended break on social media.
In 2021, Gill’s posts on Reddit, particularly regarding Gamestop and the overwhelming amount of short positions against the stock, spurred a flurry of retail buying into the video game retailer. But despite Monday’s gains, Gamestop, AMC and the other meme stocks remained well below peaks hit during 2021. Gamestop was trading at about $49.58 a share as of 09:46 ET -- a fraction of the $120 hit in early-2021.Supply and demand is what pushes stocks, dont fight the trend. If you can make some crazy money holding for a few days, thats great. I sure wish i would have bought a few contracts yesterday.
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