Roaring Kitty’s Return Fueled Meme Stock Rally in AMC and GameStop Shares

  • AMC and GameStop shares rally after registering their biggest declines in a week
  • Return of influential trader Roaring Kitty fuels meme-stock rally
  • Short interest in AMC at 18.8%, GameStop at 24%
  • Investors urged to avoid meme-stock hype

Shares of AMC Entertainment Holdings Inc. and GameStop Corp. saw a significant rally in premarket trading on Friday after experiencing their biggest declines in a week during Thursday’s session. The return of influential trader Roaring Kitty to social media contributed to the meme-stock rally. Both stocks experienced massive volatility last week, with AMC’s shares up 2.3% and GameStop’s shares up 1%. Short interest in AMC is at 18.8%, while GameStop’s short interest stands at 24%. Investors are advised to avoid getting caught up in the hype surrounding meme stocks due to their potentially poor long-term prospects.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the recent performance of AMC Entertainment Holdings Inc. and GameStop Corp. stocks, as well as explanations from experts in the field. It does not include irrelevant or misleading information, sensationalism, redundancy, personal opinions presented as facts, invalid arguments, logical errors, inconsistencies, or faulty reasoning.
Noise Level: 6
Noise Justification: The article provides some relevant information about the recent performance of AMC and GameStop stocks, but it heavily relies on speculation and sensationalism without providing much in-depth analysis or actionable insights.
Public Companies: AMC Entertainment Holdings Inc. (AMC), GameStop Corp. (GME)
Key People: Roaring Kitty (influential trader), Victor Ricciardi (visiting finance professor at Ursinus College and co-author of the book ‘Advanced Introduction to Behavioral Finance’), Jason Pride (chief of investment strategy and research at Glenmede)

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Financial Relevance: Yes
Financial Markets Impacted: AMC Entertainment Holdings Inc. and GameStop Corp. stocks
Financial Rating Justification: The article discusses the impact of meme-stock rally on AMC Entertainment Holdings Inc. and GameStop Corp. stocks, which are financial topics and have an effect on financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article, as it discusses the volatility of stock prices and market trends related to meme stocks but does not describe an extreme event.

Reported publicly: www.marketwatch.com