Bed Bath & Beyond, AMC, GameStop stocks surge as the meme trade makes a comeback
Yahoo Finance's Brian Cheung breaks down the huge swings in meme stocks on Monday.
Video Transcript
- A lot happening here, to say the least. AMC up 17%. We just had the CEO on earlier on the show. We'll talk about that a little bit more later. Bed Bath and Beyond, catch this, up 40% today. No real news. But the memers on wallstreetbets, the Reddit thread continuing to buzz about it.
Nvida also on the move down. One of the meme stocks getting a little bit of red today, down 8%. That is after some news that they said they preemptively that the revenue would take a hit due to macroeconomic headwinds. And then also want to call attention to Magic Empire Global Limited. MEGL. This might not be a name that you're familiar with. But currently up 73%. Got to search the message boards to see what's going on with that stock as well.
