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Tuesday, 05/14/2024 4:57:02 PM

Tuesday, May 14, 2024 4:57:02 PM

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AMC, BlackBerry shares surge along with GameStop. Here's why meme stocks are back.
By Aimee Picchi Edited By Alain Sherter
May 14, 2024
.....
Once again, traders are posting about meme stocks on WallStreetBets, urging others to buy stakes in GameStop and additional meme favorites with the term YOLO, or "you only live once." Others posted screenshots of their gains from AMC, BlackBerry and additional stocks.

Other stocks that are getting a lift in the meme stock resurgence include:

SunPower Corp., a photovoltaic solar energy company, whose shares jumped 60% Tuesday
Plug Power, a company that makes hydrogen fuel cell systems, with a 19% gain
Virgin Galactic, Richard Branson's spaceflight company, up 22%
In the case of SunPower and Plug Power, the companies may also have drawn interest from traders due to President Joe Biden's announcement of new tariffs on Chinese EVs, solar cells and other products.
.....
https://www.cbsnews.com/news/amc-blackberry-gamestop-meme-stocks-roaring-kitty-wallstreetbets/
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