Revival of Meme-Stock Frenzy Points to a Frothy US Stock Market

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This week’s meme-stock pop is a sign that US equity markets are frothy and potentially peaking, according to the latest Bloomberg Markets Live Pulse survey. GameStop Corp. and AMC Entertainment Holdings Inc., two darlings of the meme-stock mania of 2021, saw their share prices soar — then plunge — after Keith Gill, the retail-trading icon who goes by the moniker “Roaring Kitty,” put up a cryptic post on the social-media platform X. GameStop surged nearly 180% on Monday and Tuesday, while AMC leaped 135%, before both sold off on Wednesday and Thursday to cut those gains by more than half. Read more: https://www.bloomberg.com/news/articles/2024-05-17/revival-of-meme-stock-frenzy-points-to-a-frothy-us-stock-market?srnd=markets-weekly-mliv-pulse-survey&sref=omvmmwIg -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow
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