Meme Stocks Are Back Gamestop Is Now Up 44 While Amc Entertainment Is Up 25 In The Past 5 Days As Bullish Intrinsic Factors Catch A Tailwind From A More Merciful Market
GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC), the stocks that ushered in a retail-driven mania around downtrodden equities, appear to be back in vogue after having endured a brutal pummeling throughout much of 2022. As an illustration, GameStop shares are now up over 44 percent, while AMC Entertainment shares are up over 25 percent in the past five trading days. Is this trend sustainable? Let’s find out. A Number of Bullish Intrinsic Factors Lie at the Heart of the Ongoing Surge in GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) Shares We had highlighted the growing preference for put options in the runup to GameStop’s high-stakes Q4 2021 earnings last week....