You may have seen strange comments and articles referencing AMC and Gamestop in the last couple of days. Here’s why.
Game stop is up almost 800% in 5 days, going from a $3 billion company to a $25 billion company! AMC is up almost 600% in the same period, now a $6 billion company from a $1 billion company 5 days ago. These kind of ‘returns’ are what has been sparking the storm of news around the 2 companies. MADNESS or JUSTIFIED? What is driving this?
Basically, the 2 share prices are being driven by a lot of very angry people. I kid you not.
Continue reading “AMC (+600%), Gamestop (+800%), what just happened???”