Plug Power Inc (PLUG): GameStop, AMC Entertainment Meme Surge M...

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Tuesday, 05/14/2024 3:04:23 AM

Tuesday, May 14, 2024 3:04:23 AM

GameStop, AMC Entertainment Meme Surge May Trigger Short-Squeeze Buying
Watch These Key Levels in Both Stocks
By TIMOTHY SMITH Published May 13, 2024
…..
Monday’s rally—reportedly triggered by key meme online persona "Roaring Kitty" making his first post on X in three years—caused losses nearing $1 billion for GameStop short sellers, according to data from S3 Partners cited by CNBC. That could fuel further gains in the days ahead driven by a short squeeze, an event where investors rush to cover their positions, putting additional upward pressure on prices.
…..
https://www.investopedia.com/gamestop-amc-meme-surge-may-trigger-short-squeeze-buying-8647950

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