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Benzinga
Benzinga
Business
Wayne Duggan

Is The Recent Rally In GameStop Really A 'Classic Dead-Cat Bounce'?

GameStop Whitney Tilson NYSE GameStop Corp GME AMC

Shares of GameStop Corp. (NYSE:GME) have rallied 46% in the past five days, giving meme stock investors renewed optimism a turnaround is just around the corner.

Whitney Tilson, former hedge fund manager and CEO of Empire Financial Research, says meme stocks are simply experiencing a phenomenon known as a dead-cat bounce.

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