The “memes” stock group, led by video game retailer GameStop Corp. GME,
who have been volatile in recent weeks, with investors from a subgroup of Reddit inciting each other, were active again in the premarket on Monday. GameStop shares rose 5% in the pre-market, while AMC Entertainment Holdings Inc. AMC shares,
the largest cinema chain in the world, rose 12%. BlackBerry Ltd BB,
rose 3.8%, and Naked Brand Group Ltd. NAKD,
increased 9.5%. Koss Corp. KOSS,
headphone manufacturer, grew 2.9%. GameStop’s shares have risen 440% in the year to date, with investors on Reddit’s WallStreetBets platform seeking to punish short sellers who took the short sale to 140% by buying the shares and creating a squeeze on the sale.
