May 24, 2024

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GameStop and AMC shares jump another 40% in premarket trading as meme stock craze returns

GameStop and AMC shares jump another 40% in premarket trading as meme stock craze returns

GameStop location on Sixth Avenue in New York on March 23, 2021.

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Shares of GameStop and AMC jumped more than 40% in premarket trading Tuesday, on track to extend gains after “Roaring Kitty,” the man at the heart of the meme stock craze, went viral for the first time in nearly three years.

Shares of video game retailer GameStop were trading 42% higher at 5:40 a.m. EST, while movie theater chain AMC was up more than 42%.