Stocks kept their rally going Wednesday afternoon as major indexes held robust gains following in-line inflation data. IBD 50 stock Samsara broke out of a base. And meme stocks GameStop and AMC Entertainment surrendered large gains in the stock market today.
(Bloomberg) -- A raucous two-week stretch for GameStop Corp. has more than tripled its share price, but the company itself hasn’t taken advantage of the surge by selling stock — and the explanations about why are wide-ranging.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedHow One of the World's Oldest Hedge Funds Went Bankru
GameStop and AMC shares tumble following meteoric rises this week, Monday.com surges after better-than-expected earnings, and dLocal falls sharply after a profit miss.