5 Things We Learned This Week - 6/12/2021
Submitted by Silverlight Asset Management, LLC on June 12th, 2021
June 12, 2021
June 2021
The GameStop And AMC Moonshots May Be Stickier Than Originally Thought
Submitted by Silverlight Asset Management, LLC on June 1st, 2021
If it were a horror movie, they might call it: “Return of the Killer Meme Stocks.”
Reddit favorites GameStop and AMC Entertainment are soaring again. In May, GameStop rallied 28%, while AMC jumped 160%.
Similar to earlier this year, big returns in meme stocks have brought scary P&L pain to the hedge fund community.
