GameStop, AMC rallies like 'watching a sitcom on repeat,' expert says. Here are the risks to monitor

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 72%

AMC Entertainment Holdings Inc News

Gamestop Corp,Consumer Behavior,Gambling

It can be tempting to follow the crowd as investors clamor into 'meme stocks.' But experts caution the prospects for big gains also mean risks for large losses.

Traders walk the floor during morning trading at the New York Stock Exchange on May 14, 2024 in New York City.the Roaring Kitty account, as well as DeepF------Value on Reddit, helped lead a meme stock frenzy between 2020 and 2021.

Roaring Kitty gives the impression of being a guy in his basement trading stocks versus other big investors like hedge funds and investment banks, he said.'It's like going to Las Vegas' Betting on these stocks is a form of gambling, said Ted Jenkin, a certified financial planner and the CEO and founder ofBut he told CNBC he did bet on the meme stock frenzy himself — investing $75,000 in AMC on Monday and cashing out eight hours later after he doubled his money.Just 4% of current retirees say they are 'living the dream'

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GameStop, AMC stocks see 100% swings as meme fever returnsGameStop (GME) and AMC Entertainment (AMC) are at it again on Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

These are the new meme stocks getting the most buzz on message boardsThe meme stock mania is actually spreading far beyond GameStop and AMC Entertainment.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves midday: AMC, GameStop, Sony, Planet Fitness and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »

GameStop, AMC shares jump another 40% in premarket trading as meme stock craze returnsShares of GameStop and AMC surged around 40% in pre-market trade on Tuesday, on track to extend gains after a dramatic upswing at the start of the trading week.
Source: CNBC - 🏆 12. / 72 Read more »