GameStop Corp. (NYSE: GME), a popular meme stock, saw a great rebound after dipping with the bleeding stock market. It gained over 10% in today’s trading session and is reversing its long term losses. Moreover, other meme stocks like AMC and BBIG are also gaining today, bringing a breather to stock market enthusiasts.
Such a gain is a sign of contentment for investors since many other major stocks Microsoft (MSFT) and Apple (AAPL) have been losing value. Moreover, the entire crypto market is crashing, therefore, this ‘green’ movement of meme stocks is surely noteworthy.
The GME stock is skyrocketing currently, and this has caused several trading halts for the GameStop stock. The GME stock trading had been halted for four times till the time of writing. However, none of the halts were too long and the trading resumed in approximately 5 minutes. But there were two 5 minute halts that occurred with a difference of a few seconds. The first one was at 10:25 a.m. EDT and the second one was at 10:30 a.m. EDT, precisely with a difference of 17 seconds.
The GME stock was up by 11.13% and traded at $90.38 (gaining 9.05 points) at 11:48 a.m. EDT in the market trading session today. The market capitalization of the stock stood at $6.9 billion. The shate volume traded for the GME stock was 6,497,067, much higher than the average share volume of 4,198,121.
Other meme stocks
AMC Entertainment Inc. (NYSE: AMC), the entertainment giant, saw its stock gain 8.92% and it traded at $11.30 (up by 0.93 points) at 11:50 a.m. EDT in the market trading session today. Earlier, AMC and GME both were the trending meme stocks of 2021.
Vinco Ventures (NYSE: BBIG), another meme stock, saw its stock rise by 3.23% and trade at $2.5601 (up by 0.0801 points) at 11:51 a.m. EDT in the market trading session today.