GameStop (GME) and AMC (AMC) climbed into green territory on Tuesday after opening lower, as the overall ‘meme’ stock group has slumped recently. GameStop shares closed 8% higher while AMC gained more than 5%.
“We call them meme stocks but in essence there’s another name for them and that’s story stocks,” Market Strategist Michael Antonelli told Yahoo Finance Live.,
“Story stocks are usually high fast growers, high flyers, that benefit from flows and cheap money,” he said. “These story…
Source link
