Why Meme Stocks AMC, GameStop, and Tonix Rocketed Higher Today

What happened

Meme stock investors had a satisfying Monday, with three of the top names in that rather loosely defined group — AMC Entertainment (NYSE:AMC), GameStop (NYSE:GME), and Tonix Pharmaceuticals (NASDAQ:TNXP) — all convincingly beating the S&P 500 index’s gain.

The trio closed the day higher by, respectively, 6.9%, 3.5%, and 4.2%.

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