A GameStop Inc. store is shown in Encinitas, California, U.S., May 24, 2017. REUTERS/Mike Blake
NEW YORK (Reuters) - Shares of several retail trading darlings, including AMC Entertainment and GameStop, surged in heavy volume late on Tuesday, on no apparent news, dealing over $1 billion in losses to short sellers.
While broad market indexes rose modestly on Tuesday, with the Nasdaq up 0.5% and the S&P 500 0.1% higher, several of the "meme stocks" notched big gains.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
