Meme stocks, including AMC Entertainment and Tupperware Brands, are trading lower Friday as GameStop shares tumble following the early release of its first-quarter financial results and additional stock offering.
Several meme stocks including AMC Entertainment Inc (NYSE:AMC), Koss Corp (NASDAQ:KOSS), BlackBerry Ltd (NYSE:BB) and Newegg Commerce Inc (NASDAQ:NEGG) are trading higher Thursday following a swift surge in GameStop Corp (NYSE:GME) stock. Here's what you need to know.
GameStop shares are up more than 75% Monday morning, which has sparked a move in several related meme names and stocks with high short interest. Gill, best known as "Roaring Kitty" on YouTube and X or "DeepF***ingValue" on Reddit, posted a screenshot to Reddit showing that he currently has a $116 million bet on GameStop.
Shares of Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) fell sharply during Wednesday’s session after the company reported first-quarter financial results.…
Despite Wednesday's fall, BlackBerry shares are still up more than 10% for the week. The rally got started when Keith Gill, the GameStop Corp (NYSE:GME) trader best known as "Roaring Kitty," posted a simple meme of a person leaning forward in a chair following three years of silence on social media. He has continued posting video clips on X throughout the week.