GameStop and AMC Entertainment Holdings saw their shares prices shoot up Tuesday, leading a resurgence for meme stocks.
There was no material news events driving the stock moves. That has been the case for months for GameStop and AMC, whose share prices often are influenced by nonfundamental factors like short seller activity, options volume, social media interest, and momentum trading.
GameStop (ticker: GME) surged 28% to $210.29 on Tuesday, while AMC stock (AMC) was up 20% to $44.26. Clover Health Investments (CLOV) and ....More>>>