AMC Sep 2024 1.500 call
| Previous Close | 3.8000 |
| Open | 5.5000 |
| Bid | 5.0500 |
| Ask | 5.5000 |
| Strike | 1.50 |
| Expire Date | 2024-09-20 |
| Day's Range | 4.8000 - 7.5000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 44 |
- Yahoo Finance Video
Meme stocks, Biden, Google AI: Market Domination Overtime
Meme stocks are once again on the minds of Wall Street traders as GameStop (GME) and AMC Entertainment (AMC) have popped off for a second day after a well-known contributor to Reddit's "WallStreetBets" forum, Keith Gill ("Roaring Kitty"), returned to social media. President Joe Biden spoke to Yahoo Finance in an exclusive interview about new tariffs imposed on Chinese imports in the US, with some experts saying this might not do enough to fix manufacturing. Alphabet (GOOG, GOOGL) kicked off its Google I/O Developer Conference with a keynote speech from CEO Sundar Pichai who helped usher in the "Gemini Era" of an AI focus for Google. For more expert insight and the latest market action, click here.
Yahoo FinanceGameStop’s 'Roaring Kitty' surge doesn’t mean meme stock rally has legs
Retail investor flows into GameStop and AMC are still a far cry from the 2021 meme stock craze.
- Yahoo Finance Video
GameStop shorts a 'small drop in the bucket' of wider economy
Meme stocks are experiencing a boost following the online return of "Roaring Kitty," best known for the GameStop (GME) short squeeze of 2021. Newton Investment Management Chief Investment Officer and Head of Equity John Porter joins Catalysts to break down what the meme stock rally could mean for the market (^DJI, ^GSPC, ^IXIC). Newton reflects on the 2020-2021 meme stock rally, explaining that "there was an undercurrent of liquidity there that was an important catalyst for what was going on." He adds that the surge over the last day may be a similar case, but only time will tell. However, Newton warns, "As a fundamental, long-term investor, I'm certainly cognizant of any short-term volatility and trying to understand if there's a turning point in the market that I need to have a better grip on." He says that the Fed is likely watching the meme stock rally, but in the greater context of the economy, "the losses that shorts had in GameStop and so forth over the last 24 hours, those are a small drop in the bucket in this massive ocean of our economy." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie RIehl
