Related: Is the meme-stock frenzy over already? Possibly, say experts. GameStop shares are up 32% in 2024, while AMC shares are down 21.1%.

“All of the GameStop rallies have been pretty spiky,” he told MarketWatch, pointing to the “descending spikes” that characterized its performance in the meme stock frenzy three years ago.

Ever since the "meme stock" frenzy of January 2021, GameStop's shares have been trading not necessarily on the company's business fundamentals or quarterly financial results. Instead, GameStop has ...

Meme stocks such as GameStop became mainstream in 2021 after apps like Robinhood (HOOD) gamified trading and people were stuck at home during the pandemic. The frenzy saw shares of challenged ...

The posts are sure to spark renewed interest in GameStop and other meme stocks. In May, Gill kicked off a frenzy in meme stocks when he posted on his X account for the first time since 2021.

like movie-theater chain AMC Entertainment Holdings Inc. (AMC), was a major beneficiary of the 2021 meme-stock frenzy, which sent the companies' shares skyrocketing. However, GameStop has wrestled ...

It remains to be seen if prices settle around current levels, which are about 50% higher than before the latest frenzy started. GameStop jumped more than 100% at times earlier this week.