GameStop and AMC Shares Plummet Over 15% Amidst Return of Influential Reddit Trader from prem price Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:35 👁 View: 55K times ✓ Published: 18-May-2024
Description: Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous day's close as markets opened on Thursday. GME fell 18% from its prior close, and AMC opened down 8% and continued falling through the day. The declines came after the re-emergence of influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media posts featuring movie clips revived speculation around the meme stocks. The meme stock frenzy appears to be fading again on signs Kitty's impact may be temporary.