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Stock impact report

Is AMC Entertainment Holdings, Inc. (AMC) the Best Meme Stock To Buy Right Now? [Yahoo! Finance]

AMC Entertainment Holdings, Inc. Class A (AMC) 
NASDAQ:AMEX Investor Relations: investor.amctheatres.com
Company Research Source: Yahoo! Finance
Meme stocks are largely driven by social media hype. These stocks gain popularity through memes, modified images, videos, and text shared online, often with positive sentiment by individual investors. Joey Loss, founder of Flow Financial in Jacksonville, Florida, commented in June 2024: “Meme stocks appeal to our fear of missing out (FOMO) and our desire to get rich quickly. For many investors, it may also appeal to our desire to belong to the tribe–as forums across the internet and social media will create the perception that everyone is participating.” Meme stocks emerged as a trend in late 2020 and early 2021 when online communities started promoting certain companies' shares and generating buzz to attract buyers. The rise of commission-free trading platforms and online investing groups during the COVID-19 pandemic played a major role, as many people were at home with extra funds from government aid. Low interest rates may have also encouraged new investors. Meme stock investi Show less Read more
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