Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Chris Katje

AMC, GameStop Remain 'Dangerously Overvalued' A Year After Meme Stock Frenzy: Analyst

One year has passed since the rise of “meme stocks” that included triple-digit increases in the prices of GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC). While both stocks have come down from peaks in 2021, there could be more room to fall, according to a new report.

What Happened: In January 2021, one of the most dynamic stories of the stock market's past decade occurred. A movement of retail traders took on large hedge funds and short-sellers in several stocks of well-known companies.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.