There has a lot of news recently regarding so-called “meme’ stocks.

Last Thursday, The Wall Street Journal on B1 stated “Meme Stock Rally Resumes”. The article mentioned GameStop, AMC Entertainment Holdings, and Express Inc.

Meme stocks are those securities that have been discovered by a group of individual investors. The stocks have unusually large short positions, are usually overpriced, and share spikes of rapid growth in a short time period. Actual valuations are not important. The fear of missing out (FOMO) is a large reason to purchase, Volatility increases during times of panic-selling.

One of the most recent mentioned is AMC which recently completed a $230 million capital raise.

The following graphs show the recent price activity of AMC. The last price is as of 12:15 PM on Monday, June 1, 2021.

15 Minutes followed by daily.

Green lines represent times of purchase. Blue lines represent times of closing out positions.