Why Meme Stocks AMC Entertainment and GameStop Stocks Were Mixed Today
A day after a deep market sell-off, shares of AMC Entertainment Holdings (NYSE: AMC) and GameStop (NYSE: GME) were mixed. As of 1:30 p.m. ET, AMC was down 1.7%, recovering from another steeper dip earlier in the day in a volatile trading session. GameStop's rally was more robust, rising 2.4% after shaking off a similar early-day drop.
Image source: Getty Images.
Elsewhere in the meme stock universe, shares were mixed as investors digest minutes from the Federal Reserve's last meeting released yesterday that indicate a faster pace of interest rate hikes and tapering of the Fed's balance sheet might be in order to keep inflation in check.
Source Fool.com
