GameStop, AMC Stocks Rise Another 100% As Meme Stock Rally Speeds Up
Meme stock mania got where it ended Monday, with shares of retail financier favorites AMC and GameStop As the meme stock rally picks up steam, GameStop and AMC stocks rise another 100%. AMC and GameStop stay greatly shorted stocks, with 21% of impressive AMC shares and 24% of GameStop shares, compared to the 5% and 13% brief interest of even greatly troubled S&P 500 business Warner Bros. Discovery and Paramount Global, making today's rally extremely uncomfortable for financiers short on the meme stocks. UNEXPECTED REALITY AMC revealed Tuesday that it raised about $250 million by providing 72.5 million shares, cost market price start in March. The typical $3.45 per share AMC scored from the offering is a portion of AMC's $11 share rate Tuesday, however shows the clearest capacity for the meme stock business to capitalize the trend. GameStop's market capitalizatio...
