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Dow Jones – GameStop stock rallies, after soaring more than 550% amid a 3-week win streak through Friday

Colin Beresford by Colin Beresford
March 15, 2021
in News
0
Dow Jones – Resurgence in Treasury yields hammers tech stocks, drives Nasdaq below 13,000 to mark worst 2-day skid in 6 months

Dow Jones – GameStop stock rallies, after soaring more than 550% amid a 3-week win streak through Friday

Shares of GameStop Corp.
GME,
+4.20%
started the week with a 4.4% gain in premarket trading Monday, after soaring 92.0% last week, amid a mostly positive day for meme stocks despite a mixed outlook for the broader stock market. GameStop’s stock is getting an early start for a possible fourth-straight weekly gain, after rocketing 551.6% over the past three weeks, after tumbling 87.5% the three weeks before that. Elsewhere, shares of AMC Entertainment Inc.
AMC,
+11.74%
ran up 9.2% ahead of Monday’s open, after soaring 99.6% amid a four-week win streak through Friday. Among other meme stocks, Koss Corp.’s
KOSS,
+9.76%
surged 8.9% premarket, BlackBerry Ltd.’s
BB,
+3.69%
tacked on 0.8% and Express Inc.’s
EXPR,
+0.09%
was little changed. Meanwhile, futures
YM00,
+0.24%
for the Dow Jones Industrial Average were up 63 points, or 0.2%, while S&P 500
SPX,
+0.10%
futures
ES00,
+0.06%
fell less than 0.1%.

Tags: AMCarticle_normalBBDJIAES00EXPRGMEKossSPXYM00
Colin Beresford

Colin Beresford

+20 years of experience in analyzing and covering the stock markets with vast experience in fundamental, political and technical analysis, educational and content. Quoted in Fortune magazine and collaborated with various forex websites.

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