Advertisement
Singapore markets close in 2 hours 5 minutes

  • Straits Times Index

    3,307.33
    +34.61 (+1.06%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,204.92
    +375.99 (+2.23%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Bitcoin USD

    66,764.74
    +357.71 (+0.54%)
     

  • CMC Crypto 200

    1,416.54
    -7.56 (-0.53%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,339.60
    -2.50 (-0.11%)
     

  • Crude Oil

    83.65
    +0.29 (+0.35%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • FTSE Bursa Malaysia

    1,569.50
    +7.86 (+0.50%)
     

  • Jakarta Composite Index

    7,161.59
    +50.78 (+0.71%)
     

  • PSE Index

    6,580.16
    +73.36 (+1.13%)
     

Why AMC Entertainment and GameStop Are Rising Together Again

Rich Duprey, The Motley Fool
·2-min read

The dynamic duo of meme stocks are at it again today as shares of AMC Entertainment (NYSE: AMC) and GameStop (NYSE: GME) are moving once more in tandem this morning. The movie theater operator is carrying meme stocks higher with its shares trading up 8.3% at 10:37 a.m. ET on Thursday, while the video game retailer is up a more modest 1.1%. Meme stocks had fallen out of favor for a while, but in recent weeks traders have awoken to their volatile issues once more, especially after AMC announced it was creating a preferred share of stock that would be issued to investors on a one-for-one basis based on the number of shares of common stock they own.

Continue reading