GameStop's stock dropped 16% after CEO Ryan Cohen's plan to shift towards profitability and avoid meme-stock hype. The company also faces declining sales and criticism of its business model.
Resurgence of Roaring Kitty on social media sparks interest in meme stocks like GME and AMC. Consider BUZZ, SFYF, and BLOK ETFs for exposure to trending stocks, but be aware of risks and volatility.
AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher Tuesday. The company on Monday said it recorded its most attended and highest grossing weekend of 2024. AMC CEO Adam Aron also posted on X for the first time this month.
GameStop Corporation (NYSE: GME) shares are trading lower following the company's annual shareholder meeting, which was postponed from last week due to technology issues and high demand.
AMC announced that the weekend spanning June 14 to June 16 was its busiest of the year based on attendance and admissions revenue. The strength was due to the opening weekend of "Inside Out 2" and strong holdover from "Bad Boys: Ride or Die."