07:12 AM EDT, 05/14/2024 (MT Newswires) -- GameStop ( GME ) , AMC Entertainment ( AMC ) , and other meme stocks often shorted by institutional investors soared in Tuesday's premarket activity.
GameStop ( GME ) was up 62% while AMC rose more than 69% in the pre-bell session.
Media reported that the rally coincided with the return to social media Sunday of Keith Gill, also known as "Roaring Kitty," who took part in a 2021 meme stock rally.
Price: 49.33, Change: +18.88, Percent Change: +62.00