It’s 2022, and the meme markets seem to be back in full force. The catalysts are plentiful, and retail investors seem primed for another 2021 ape-like run.
Reddit’s WallStreetBets page has been on fire over the last week, with GameStop being mentioned 1,221 times on Monday.
Here are some of the recent catalysts that have prepared the markets for the current run:
- AMC made a left-field investment by purchasing a 38% stake in Hycroft Mining
- AMC CEO Adam Aron is entertaining other intriguing investments that have potentially attractive returns
- Ryan Cohen bought 100,000 additional shares of GameStop and revealed a stake in Bed Bath & Beyond
- Tesla is mulling a stock split
- 26.63% of GameStop share float is sold short
- 19.68% of AMC share float is sold short
According to Benzinga Pro, here are some of the one-day movers that have been sensitive to the news:
- Hycroft Mining Holding Corporation (NASDAQ:HYMC) +81.25%
- Newegg Commerce Inc (NASDAQ:NEGG) +43.41%
- AMC Entertainment Holdings Inc (NYSE:AMC) +44.95%
- GameStop Corp. (NYSE:GME) +24.73%
- Bed Bath & Beyond Inc. (NASDAQ:BBBY) +16.51%
- Koss Corporation (NASDAQ:KOSS) +24.24%
- BlackBerry Ltd (NYSE:BB) +3.65%
- Sphere 3D Corp (NASDAQ:ANY) +29.59%
- Riot Blockchain Inc (NASDAQ:RIOT) +10.12%
- Tesla Inc (NASDAQ:TSLA) +8.03%
- Nio Inc - ADR (NYSE:NIO) +6.53%
Also Read: These Are The Top 10 Stocks Held On Robinhood: Where Do Apple, Tesla, AMC And Sundial Rank?
Photo: Courtesy of Focal Project JP on Flickr
