GameStop Stock Soars More Than 100% Premarket: Is 2021 Meme Stock Rally Back?

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Benzinga

On Tuesday, GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings Inc. (NYSE:AMC) once again captured the spotlight as their stock prices surged by 147% and 121% in pre-market trading, respectively. This marks a revival of the meme stock phenomenon that initially took the market by storm in early 2021 driven by Wallstreetbets on Reddit. Market Response: According to CNBC, Financial analysts are viewing this resurgence as a speculative wave driven by retail investors coordinating through online platforms, highlighting the unpredictability and the potential risk factors associated with such s…

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