This week’s meme-stock pop hit the U.S. equity markets once again.
Two big players were caught in the 2021 meme-stock craze, GameStop Corp. and AMC had a sharp increase in share prices followed by a sharp decline after retail trading legend Keith Gill, often known as “Roaring Kitty,” posted a mysterious message on Twitter at the early start of the week,
GameStop jumped about 180% while AMC jumped 135%. However, both companies dropped off on Wednesday and Thursday, erasing those gains. Meme stocks are the type of equities that gain a cult following among regular investors; these communities are usually formed on social media. Meme coins are prone to dramatic price swings over brief periods, which are caused by the current buzz surrounding the token.