• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

2

Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

3

Tech billionaires and executives like Evan Spiegel and Peter Thiel are publicly shielding their children from the products that made them rich

1

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

2

Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

3

Tech billionaires and executives like Evan Spiegel and Peter Thiel are publicly shielding their children from the products that made them rich
FinanceHot Stock

Meme stocks soar again: GameStop and AMC show huge gains

By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
November 3, 2021, 11:33 AM ET
Add Fortune on Google for similar content.

While meme stocks have been largely earthbound of late, two of the biggest resumed their lunar journey Wednesday morning.

GameStop and AMC are on the rise in a big way again. As of 10:10 a.m. ET, GameStop was up 19% to $246.14, while the AMC Apes had boosted the theater chain’s shares by 12.5% to $43.65. Bed Bath & Beyond, meanwhile, was up 26%, after soaring 80% in after-hours trading Tuesday.

For Bed Bath & Beyond, the spike came amid a perfect storm of a short squeeze and the announcement that select home and baby products would be available in Kroger stores later this year.

GameStop, AMC, and Bed Bath & Beyond are all among the most heavily discussed stocks on Reddit’s r/wallstreetbets forum Wednesday, according to real-time Reddit ticker analytics site YoloStocks (with GameStop receiving 10% of the mentions).

Redditors, as they often do, delighted in the chaos.

“Watching people get caught by the memes yet again is really amazing,” said user BlackKnightsOptions. “It’s like they never learn,” added AmeriMan2.

And after yesterday’s surprise run-up, Avis is a hot topic of conversation as well (that company’s shares are down 16.5% in mid-morning trading, though still 68% higher than two days ago). Reddit didn’t seem to be responsible for the car rental group’s spike yesterday, as many WSB commenters were taken by surprise at the gains.

Retail investors have upended the market in many ways this year, pushing prices of unlikely companies higher in order to force hedge funds to cover their short positions. In some cases, the gains hold, as individuals refuse to sell their shares and take profits. In others, though, they lose their interest and the prices plunge back to their old trading price. Clover Health, for example, briefly soared from the $7 to $10 range to $28.85 in June. It’s now trading at $7.85.

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Finance


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.