GameStop, AMC stocks surge in volatile trading
GameStop and AMC shares are down 36% and 55%, respectively, year to date
Stocks down after inflation fears continue
FOX Business' Ashley Webster and Lauren Simonetti analyze Thursday's opening bell as the market reacts to inflation data hovering near 40-year highs.
GameStop and AMC Entertainment Holdings are rallying during Thursday's volatile trading session.
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The video game giant, which has surged more than 30%, has been halted for volatility at least four times since the market open. Meanwhile, the movie theater chain has jumped more than 20% during the session.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP. | 31.30 | +0.97 | +3.19% |
| AMC | AMC ENTERTAINMENT | 4.90 | +0.10 | +2.19% |
Despite the big moves, GameStop remains well off its $483 per share intraday high hit in January 2021 during the height of the meme stock trading frenzy. GameStop, which traded as high as $108.06 per share on Thursday, is down approximately 36% year to date.
As for AMC, the stock is currently trading at about $12 per share, off its 52-week intraday high of $72.62 hit last June. AMC is down approximately 55% year to date.
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According to FactSet, AMC and GameStop have short interest of 19.5% and 21.4%, respectively.