It’s a stark change from just a few months ago when major banks including Morgan Stanley and Goldman Sachs issued reports saying the rise of the retail trader was over - in large part because of the Federal Reserve raising interest rates and tightening the market.
GameStop, the once left-for-dead video game company that set off the meme frenzy last year, is up more than 13% year to date after surging 21% over the last five days.įundamentally, nothing has changed to push these companies higher - all three are still expected to lose money this year - and it’s unclear just what sparked interest in the companies again.
Imeme company movie#
The three companies are once again the most buzzed about among the WallStreetBets Reddit crowd, according to Ape Wisdom, which tracks trending stocks on the social media site.ĪMC Entertainment, the beleaguered movie theater company, has dropped 10% year to date but popped 54% over the last five days.īed Bath & Beyond, the struggling retailer, is down 25% year to date but up 97% over the last five days. ‘No seat, no job’: Why Jamie Dimon is quietly clamping down on remote work at JPMorganīattered-down meme stocks are back despite recession fears as retail traders snapped up shares of faltering companies like GameStop, AMC and Bed Bath & Beyond. Wave of Goldman Sachs workers quit en masse at ‘toxic’ Wall Street giant: sourcesĭow loses all its gains for August after sinking more than 1,000ĮA stock rockets 14% – then falls – on Amazon takeover rumors
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