GameStop and AMC Shares Continue to Climb, but Short Sell Rally Fizzling

Benzinga
Benzinga
  • 6 days ago
GameStop and AMC shares extended their gains on Tuesday after surging on Monday, but the broader short-sell rally appears to be fizzling out with smaller retail interest compared to 2021. GameStop and AMC shares dropped 15%  on Wednesday, indicating a cooling off of the recent trading frenzy. GameStop and AMC were up 179% and 135% this week, respectively, following a rare social media post from Keith Gill, "Roaring Kitty." AMC completed a $250 million stock sale on Monday and announced plans to issue new shares in a debt-for-equity swap. Some analysts see the renewed frenzy as "frankly stupid" gambling rather than based on company fundamentals.

Recommended

0:53
I
Up next
Nancy Pelosi On Upcoming Presidential Debate: "I Would Never Recommend Going On Stage With Donald Trump"
Benzinga
0:59
Gold Bull Peter Schiff Slams Biden's New Tariffs As 'Taxes' That 'Will Only Add To The Economic Misery'
Benzinga
0:48
Consumer Price Index Rises 0.3% in April, Slightly Below Expectations
Benzinga
0:33
Household Debt and Delinquency Reach Alarming Heights as Rates Surge in Q1
Benzinga
0:41
Top Republican Mike Johnson Slams Trump Trial as a 'Sham' and 'Ridiculous Prosecution'
Benzinga
0:32
'The Portal' Art Installation Connecting New Yorkers and Dubliners Temporarily Shut Down After Disturbing Images Go Viral
Benzinga
0:34
Amazon Web Services CEO Adam Selipsky to Step Down
Benzinga
0:33
Fed Chief Powell Stresses Need for Restrictive Policy to Tame Inflation
Benzinga
0:38
DOJ Accuses Boeing of Violating Settlement Agreement Over 737 Max Crashes
Benzinga
0:35
Federal Student Loan Interest Rates Hit 12-Year High as Undergraduates Face More Than 6.5% Interest
Benzinga
1:07
Elon Musk Fired Supercharger Chief Rebecca Tinucci And Her Entire Team After She Refused To Lay Off More Workers Than Planned: Report
Benzinga
0:39
Bored Crypto Traders Seek Thrills in Unofficial GameStop Memecoins, Prices Skyrocket
Benzinga
0:35
AMC Pays Down Massive Debt Load as Retail Investors Rally Behind Stock
Benzinga
0:37
Bumble Pulls Controversial Ad Campaign Mocking Celibacy
Benzinga
0:34
OpenAI Co-Founder and Chief Scientist Ilya Sutskever Steps Down, Leaves Company
Benzinga
0:39
Biden Campaign Calls Out Trump on Presidential Debate
Benzinga
0:34
Biden Administration's Tariffs on Chinese Goods Raise Concerns for E-Bike Industry
Benzinga
0:35
Trump's Attorney Takes Aim at Cohen's Credibility, Exposing Conflicts of Interest
Benzinga
0:32
Aldi and Hy-Vee Pull Cream Cheese Products Due to Salmonella Risk
Benzinga
17:53
Key Inflation Data Reaction And Future Outlook - Blu Putnam
Benzinga
0:35
GameStop and AMC Shares Plummet Over 15% Amidst Return of Influential Reddit Trader
Benzinga
0:33
GameStop and AMC Shares Soar as 'Roaring Kitty' Spurs Trade with Social Media Post
Benzinga
1:58
GameStop, AMC make a roaring comeback
The Street
0:40
GameStop Soars as 'Roaring Kitty' Returns with X Post
Benzinga
0:44
GameStop Shares Surge As 'Roaring Kitty' Resurfaces After 3-Year Silence
Benzinga
1:19
Steel Battalion Heavy Armor GameStop PreOrder Bonus Iron Guardian 2012 HD
Metatube

Benzinga

0:30
NYC-Dublin Portal Reopens with Enhanced Security Measures
Benzinga
0:39
UK's AI Safety Institute Expands to the US, Set to Open US Counterpart in San Francisco
Benzinga
0:40
'Copper Is the New Oil:' Analyst Predicts Copper Could Surge 50% Driven by AI and Green Energy Revolution
Benzinga
0:42
Red Lobster Files for Chapter 11 Bankruptcy as Pandemic and Industry Challenges Impact Iconic Seafood Chain
Benzinga
0:34
Nvidia Set to Release Q1 Earnings: Analysts Predict Significant Growth, But Signs of Slowing Momentum
Benzinga
0:44
AI Godfather Geoffrey Hinton Urges British Government to Adopt Universal Basic Income
Benzinga
0:36
AMC Entertainment Shares Soar Over 135% as Roaring Kitty returns to Short-Seller Trading, But One Analyst Remains Neutral.
Benzinga
1:54
Krysten Ritter Thrills in Orphan Black: Echoes Trailer
FanReviews
3:36
Step Into the World of AMC's Parish with Giancarlo Esposito
FanReviews
1:48
The Walking Dead Season 8 - Exclusive Promo
Metatube

Featured channels

More from
Billie Eilish
More from
TIME
More from
SportsGrid
More from
Billboard
More from
Travel and Leisure
More from
TMZ