Winning bets? Meme stock frenzy of 2021 makes a return
by Edward Helmore from US news | The Guardian on (#62FAK)
Share prices soar for troubled retailers including Bed Bath & Beyond and AMC - but this time dueling hedge funds are playing a part
Just like double denim, it seems some trends never really die. After flaming out in spectacular fashion last year, the meme stock frenzy of 2021 has made a return.
In recent weeks the share price of troubled retailers Bed Bath & Beyond and GameStop and the cinema chain AMC Entertainment have once again soared.
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