1/11, 4:37 PM (Source: TeleTrader)
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Bed Bath & Beyond, AMC, GameStop jump in meme stock rally

Bed Bath & Beyond Inc., AMC Entertainment Holdings Inc. and GameStop Corp. surged on Wednesday in what seems to be another "meme stock" rally.

Stocks favored among retail investors who supposedly coordinated their market moves on social media first made headlines in January 2021, when their joint efforts to buy shares shorted by major hedge funds caused substantial losses to all short sellers. The stock market frenzy later resulted in a congressional hearing, several lawsuits and calls for improving official regulation in case of similar events in the future.

AMC, Bed Bath & Beyond and GameStop soared 14.78%, 60.14% and 7.20% at 10:34 ET, respectively.

Baha Breaking News (BBN) / MS