Meme Stock Mania Fades as GameStop, AMC Crash Back to Earth

Meme stocks like GameStop and AMC soared in early 2021 due to speculative trading, but have since crashed back down.
AMC plummeted over 85% in August 2022, erasing all of its 2021 gains. It was hit by negative news.
GameStop is the last meme stock standing, but its weak fundamentals mean it needs real improvement to justify its price.
Without fundamentals improving, GameStop's stock is likely to fade as the meme trend dies off.
When the next bull market comes, meme stocks and other 2020-2021 fads will likely be absent, with a return to traditional investing.

forbes.com

Relevant topic timeline:

8/28/2023

5 things to know before the stock market opens Monday

Stock futures are slightly higher as investors look ahead to economic data and the monthly jobs report, while tech companies Instacart, Klaviyo, and Arm file for IPOs, China Evergrande Group's shares plunge, and meme stock Bed Bath & Beyond continues to trade despite its bankruptcy filing.

9/7/2023

AMC Stock Hits New Low as Meme Music Fades

AMC stock hits a new low as meme trading loses its momentum and fails to improve the company's financial performance.

9/7/2023

GameStop Stock Defies Gravity, Holds Gains Despite Meme Stock Crash

GameStop's recent earnings report suggests that the video game retailer may transition from being a meme stock to a profitable company with promising growth prospects.

10/18/2023

GameStop Stock Due for Rebound After Heavy Selling Pressure

GameStop (GME) is expected to experience a trend reversal as it enters oversold territory, with both technical indicators and fundamental analysis pointing towards potential stock price appreciation in the near term.

10/27/2023

Floki Inu Price Soars 140% in a Week as Memecoin Mania Returns

FLOKI, a memecoin, has seen a significant price increase of 140% due to the launch of its tokenization platform and the filing of a new Bitcoin ETF, but its overbought relative strength suggests a possible correction in the coming days or weeks. Other memecoins like DOGE and SHIB have underperformed compared to Bitcoin, with FLOKI being one of the few exceptions with a YTD return of around 435%. The future rally of memecoins depends on the ETF update and its impact on Bitcoin's price.

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Posted 9/30/2023, 12:24:26 PM

Meme Stock Mania Fades as GameStop, AMC Crash Back to Earth

Meme stocks like GameStop and AMC soared in early 2021 due to speculative trading, but have since crashed back down.
AMC plummeted over 85% in August 2022, erasing all of its 2021 gains. It was hit by negative news.
GameStop is the last meme stock standing, but its weak fundamentals mean it needs real improvement to justify its price.
Without fundamentals improving, GameStop's stock is likely to fade as the meme trend dies off.
When the next bull market comes, meme stocks and other 2020-2021 fads will likely be absent, with a return to traditional investing.

forbes.com

Relevant topic timeline:

8/28/2023

5 things to know before the stock market opens Monday

9/7/2023

AMC Stock Hits New Low as Meme Music Fades

AMC stock hits a new low as meme trading loses its momentum and fails to improve the company's financial performance.

9/7/2023

GameStop Stock Defies Gravity, Holds Gains Despite Meme Stock Crash

GameStop's recent earnings report suggests that the video game retailer may transition from being a meme stock to a profitable company with promising growth prospects.

10/18/2023

GameStop Stock Due for Rebound After Heavy Selling Pressure

10/27/2023

Floki Inu Price Soars 140% in a Week as Memecoin Mania Returns