- June 15, 2021
- Posted by: Stratford Team
- Category: Business
‘Trey’s Trade’s’ YouTube host Trey Collins discusses meme stocks and the financial media’s perception of retail investors.
Shares of AMC Entertainment Holdings (AMC.N) shot higher on Monday, setting the stage for another week of roller-coaster trading in shares of the theater chain operator and other retail investor favorites.
AMC’s shares were recently up 18.3% at around $58.50 after edging 3% higher last week. The company said in a filing last week that over 80% of its shares were held by retail investors.
Rallies in AMC and video game retailer GameStop (GME.N), as well as a fresh crop of so-called meme stocks – companies popular with retail investors congregating on forums such as Reddit’s WallStreetBets – have breathed fresh life into a frenzy that first garnered widespread attention in January, when an unwind of bearish bets helped send GameStop’s shares up more than 1,600% that month.
S&P, NASDAQ RALLY TO RECORDS AHEAD OF FED MEETING
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