The meme stock frenzy that gripped retail investors in early May 2024 fizzled out as quickly as it began. Companies like Gamestop and AMC entertainment, once poster children for the 2021 meme stock surge, saw their share prices skyrocket at the beginning of the week, only to lose most of those gains within days.

Gamestop gains 100% in four weeks

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Gamestop gains 100% in four weeks