Meme Stocks are on the Move ($AMC, $GME, $WISH)

August 25, 2021

Meme Stocks are on the Move ($AMC, $GME, $WISH)

The apes of r/Wallstreetbets claimed a small win yesterday. A number of the reddit-based trading group's “meme stock” favorites saw impressive gains late into the Tuesday trading session.

Among the significant gainers were AMC Entertainment ($AMC), Gamestop ($GME), and the recent-IPO ContextLogic ($WISH).

Investor chatter has been trending lower for all of these companies in recent months, mirroring a lack of exciting (upward) price action.

However, >1000 Mentions per day is a significant volume. These “stonks” clearly haven’t been abandoned,.. there's plenty of diamond-handed retail traders waiting for a ride to the moon.

It remains to be seen whether today’s price action was flash-in-the-pan short covering or a sign of more strength to come, but you can expect to see updates on the situation based on our unique insights.

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