Meme mania returns. GameStop and AMC soar
CNN
Apes of Reddit, rejoice! Shares of meme stock darling GameStop soared more than 20% at one point in midday trading Thursday and were halted several times for volatility. But there was no news to justify or explain the big pop.
Other meme stocks, including AMC (AMC), Bed Bath & Beyond (BBBY) and Beyond Meat (BYND) also roared higher Thursday. AMC jumped nearly 10%, a much bigger gain than rival movie theater stocks Cinemark (CNK) and IMAX (IMAX).
Bed Bath & Beyond was up about 5%. Beyond Meat plunged 20% at the opening bell following weak earnings results, but the plant-based food giant reversed course as the trading day wore on and was up nearly 10% by late morning.
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