GameStop (GME) an AMC (AMC) shares were both briefly halted for volatility on Tuesday morning amid a recent rally in ‘meme stocks’.
Shares of the video game retailer surged to $199 a piece during the morning session before dropping below their opening level. GME ended the day down 5% at $179.90.
Cinema chain operator AMC’s stock went as high as $34 this morning and ended the session flat at $29.44.
The flagship meme stocks have been on a tear over the last week and a half.
GameStop shares surged last Wednesday after chairman Ryan Cohen kaaft 100,000 Aktien vum Videospillhändler.
Fréier dëse Mount AMC ugekënnegt, datt et eng Partie kaaft am Gold a Sëlwer Miner Hycroft Mining Holding Corp.HYMC).
On Monday AMC surged 45% in one day after the cinema chain’s CEO Adam Aron told Reuters investors should expect to see more “transformational” deals in the future.
"Ech géif gären denken datt et méi extern M&A Ukënnegunge vun Drëttparteien wäerte kommen, wou AMC fir d'Stären an intrigant Investitiounen erreechen kann, déi potenziell attraktiv Rendementer hunn," sot Aron.
AMC and GME are currently the #1 and #2 trending tickers on Yahoo Finance. It’s been a volatile quarter for the broader markets as well as meme stocks. Despite the volatility, GameStop and AMC are both positive for the year. Bed Bath and Beyond (BBBY), another meme stock, is up around 90% year-to-date.
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Source: https://finance.yahoo.com/news/gme-and-amc-halted-for-volatility-amid-mini-meme-stock-boom-151722114.html