If you have been following meme stocks or have seen the movie Dumb Money, you are inevitably aware of the GameStop (GME) story. The stock, which had a bleak outlook and had lost nearly all of its value during the 2010s shot up in value, going from less than $1 to an ATH of over $466. The move was largely due to huge amounts of investment from retail traders on r/WallStreetBets, led by internet personality Roaring Kitty. Don't Miss: Bitcoin has jumped another 45% already this year – how much woul
(Bloomberg) -- GameStop Corp. and AMC Entertainment Holdings Inc. slumped for a second day as the meme-stock frenzy that gripped markets earlier this week faltered.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’With a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceJamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back: Markets WrapGameSto
GME stock, AMC fell early Thursday as the meme stock rally loses steam. But Robinhood sees a boost from retail participation.