GameStop, AMC Stocks Surge Amid Meme Stock Rally

Shares of GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) soared 40% in premarket trading on Tuesday, driven by a resurgence in meme stock activity.

This jump follows significant gains on Monday, with GameStop up 74% and AMC rising 80%. The rally was sparked by social media influencer Keith Gill, known as RoaringKitty, who posted cryptic messages online after a long silence.

Other companies like BlackBerry (NASDAQ: BB) and Koss (NASDAQ: KOSS) also saw shares increase by over 10%. The rise in these stocks, fueled by social sentiment rather than company performance, reflects the ongoing influence of online communities on stock trading.

Despite recent surges, prices for GameStop and AMC remain well below their 2021 highs.