_jim-cramer-can39t-see-gamestop-trading-at-3664-or-even-3644-warns-against-meme-stock-mania-39responsible-move-is-to-sell.jpg "Jim Cramer Can't See GameStop Trading At $64 Or Even $44, Warns Against Meme Stock Mania: 'Responsible Move Is To Sell, Sell, Sell' from java gme java game Video Screenshot Preview")
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✓ Published: 15-May-2024
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✓ Published: 15-May-2024
Description:
There's no way meme stocks should be at such elevated levels on their own, says Cramer. GameStop has gained 179% and AMC 135% so far this week amid logic-defying rallies.
There's no way meme stocks should be at such elevated levels on their own, says Cramer. GameStop has gained 179% and AMC 135% so far this week amid logic-defying rallies.
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_gamestop-soars-as-39roaring-kitty39-returns-with-x-post.webp "GameStop (GME) shares surged on Monday after Keith Gill, known as 'Roaring Kitty' on social media, posted on X for the first time since 2021. Gill helped spark a short squeeze in GME in 2021 through posts on Reddit encouraging retail investors to purchase and hold shares, inflicting major losses on hedge funds like Melvin Capital. Gill's resurfaced signaled renewed interest among individual traders who had previously followed his commentary, driving up the stock. GameStop's most recent quarterly results in March 2023 showed ongoing challenges from industry-wide headwinds like competition from e-commerce players.")
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