Why Are These Meme Stocks Having a Better Day Than the Market?
On a little bit of a rollercoaster ride of a day for the stock market, meme stocks AMC Entertainment (NYSE: AMC), Carnival (NYSE: CCL), GameStop (NYSE: GME), and Sundial Growers (NASDAQ: SNDL) were all seeing gains.
At 11:27 a.m. EST on Friday, the stocks were up 3.6%, 2.1%, 5.1%, and 6.9%, respectively.
For AMC, it could be the hopeful start to the weekend with Disney's (NYSE: DIS) Pixar studio releasing Lightyear in theaters. After Top Gun: Maverick became a solid hit following its release three weeks ago and then Jurassic World: Dominion turned in a decent result last weekend, the summer movie lineup is looking bright for the theater operator.
Source Fool.com
