GameStop and AMC Shares Plummet Over 15% Amidst Return of Influential Reddit Trader

Benzinga

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.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous

00:07 day's close as markets opened on Thursday. GME fell 18% from its prior close and AMC opened down

00:14 8% and continued falling through the day. The declines came after the re-emergence of

00:19 influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media

00:23 post featuring movie clips revived speculation around the meme stocks. The meme stock frenzy

00:28 appears to be fading again on signs Kitty's impact may be temporary. For all things money visit

00:32 Benzinga.com

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