January 27, 2022

GameStop surges 30% to lead meme stock rally


Meme stock king GameStop rallied over 30% on Tuesday as some retail investors came back fully force despite an otherwise quiet market.

The computer game retailer surged the maximum amount as 36.5% to $225 apiece in heavy trading volume. over 7 million shares have changed hands, over tripling its 30-day average, in keeping with FactSet.

Other meme stocks were also popping. Shares of AMC Entertainment jumped 21%. The movie chain was the foremost active stock on Fidelity’s trading platform as of 2:30 p.m. ET, consistent with the broker’s website. Clover Health climbed 10%. Bed Bath & Beyond rose over 4%.

Robinhood, which has also earned a meme stock status, advanced 9% Tuesday on no apparent news. Outside of the group favored by retail investors, the securities market appeared to be dull, with most investors eagerly awaiting a key Fed summit Thursday and Friday.

The S&P 500 inched up 0.3% in afternoon trading. Overall volume was light Tuesday with the SPDR S&P 500 ETF trading 24 million shares, a few third of its 30-day average, per FactSet. The Fed’s Jackson Hole symposium is anticipated to be market-moving, as central bankers could detail their plans for tapering monetary stimulus.

The Fed has started discussions to drag back its minimum $120 billion a month bond-buying program by the top of this year The short interest in these meme stocks remained elevated. About 28% of AMC’s float shares are sold short, compared with a mean of fifty short interest during a typical U.S. stock, per S3 Partners. For GameStop, the short interest has declined drastically, to about 10% from over 100% in January at the peak of the meme stock mania.

One thought on “GameStop surges 30% to lead meme stock rally

Leave a Reply

Close

Stocks & Crypto

Name Price24H (%)
MMS Cash Token (MCASH)
$1.00
0.00%
Bitcoin (BTC)
$37,009.00
0.63%
Ethereum (ETH)
$2,392.17
-2.59%
Tether (USDT)
$1.00
0.02%
Binance Coin (BNB)
$392.43
4.62%
USD Coin (USDC)
$1.00
0.31%
Cardano (ADA)
$1.05
-3.06%
XRP (XRP)
$0.61
-1.79%
Solana (SOL)
$89.67
-3.06%
Terra (LUNA)
$53.61
-9.62%
Polkadot (DOT)
$18.08
-0.17%
Dogecoin (DOGE)
$0.141079
-2.05%
Avalanche (AVAX)
$64.67
-2.56%
Binance USD (BUSD)
$1.00
-0.24%
Shiba Inu (SHIB)
$0.000021
0.21%
TerraUSD (UST)
$1.00
-0.49%
Polygon (MATIC)
$1.59
0.60%
Crypto.com Coin (CRO)
$0.398463
0.53%
Wrapped Bitcoin (WBTC)
$35,973.00
-1.91%
Dai (DAI)
$1.00
-0.08%
Cosmos (ATOM)
$29.96
-8.11%
Litecoin (LTC)
$106.93
-0.10%
Vectorium (VECT)
$425.81
-3.49%
Near (NEAR)
$10.38
-7.58%
Algorand (ALGO)
$0.94
0.97%
TRON (TRX)
$0.056318
0.07%
OKB (OKB)
$20.89
-3.69%
Bitcoin Cash (BCH)
$289.48
-0.44%
FTX Token (FTT)
$38.03
4.18%
Fantom (FTM)
$2.07
-8.73%
Stellar (XLM)
$0.193638
-1.86%
Magic Internet Money (MIM)
$0.99
-2.41%
Uniswap (UNI)
$10.28
-3.17%
ECOMI (OMI)
$0.007514
-1.62%
Lido Staked Ether (STETH)
$2,409.07
-1.14%
Hedera (HBAR)
$0.388591
-3.51%
Hedera (HBAR)
$0.208315
-1.53%
Internet Computer (ICP)
$19.58
-2.09%
VeChain (VET)
$0.052123
-2.78%
Decentraland (MANA)
$2.26
3.73%
Axie Infinity (AXS)
$47.01
-6.15%
LEO Token (LEO)
$3.48
-2.73%
Ethereum Classic (ETC)
$24.35
0.17%
Klaytn (KLAY)
$1.22
-0.69%
The Sandbox (SAND)
$3.40
9.20%
cETH (CETH)
$48.34
-1.71%
Filecoin (FIL)
$19.03
-2.19%
Theta Network (THETA)
$2.91
4.09%
Elrond (EGLD)
$141.38
0.46%
Helium (HNT)
$27.81
-3.02%
Frax (FRAX)
$1.01
1.02%
cDAI (CDAI)
$0.021874
-0.29%
Monero (XMR)
$143.47
-3.02%
Tezos (XTZ)
$2.88
-2.46%
BitTorrent (BTT)
$0.002702
1.61%
The Graph (GRT)
$0.403258
-0.23%
IOTA (MIOTA)
$0.80
-1.92%
Osmosis (OSMO)
$7.84
-6.50%
EOS (EOS)
$2.22
-0.27%
cUSDC (CUSDC)
$0.020130
-10.81%
Harmony (ONE)
$0.178652
-3.41%
BitTorrent [OLD] (BTTOLD)
$0.002198
0.54%
Aave (AAVE)
$143.98
-2.08%
PancakeSwap (CAKE)
$7.24
-2.64%
Theta Fuel (TFUEL)
$0.181021
14.77%
Bitcoin SV (BSV)
$88.95
-2.09%
Bitcoin Cash ABC (BCHA)
$86.90
-0.64%
Flow (FLOW)
$5.12
3.17%
Maker (MKR)
$1,772.23
3.87%
Radix (XRD)
$0.161000
-0.64%
Arweave (AR)
$30.14
-0.73%
TrueUSD (TUSD)
$1.00
-0.16%
Stacks (STX)
$1.41
1.41%
Huobi BTC (HBTC)
$37,088.00
0.22%
Kusama (KSM)
$163.41
-1.44%
Enjin Coin (ENJ)
$1.57
1.20%
Gala (GALA)
$0.188151
-11.02%
Amp (AMP)
$0.029043
-3.50%
Huobi Token (HT)
$8.82
1.06%
eCash (XEC)
$0.000072
-2.15%
NEO (NEO)
$18.07
-0.85%
Basic Attention Token (BAT)
$0.83
3.03%
Quant (QNT)
$91.95
-5.30%
KuCoin Token (KCS)
$16.04
-1.72%
Loopring (LRC)
$0.96
-12.48%
THORChain (RUNE)
$3.98
-2.17%
Celo (CELO)
$3.07
0.59%
YooShi (YOOSHI)
$0.000003
-12.05%
Oasis Network (ROSE)
$0.312548
-0.28%
Curve DAO Token (CRV)
$2.76
-4.69%
Convex Finance (CVX)
$22.62
-15.97%
Zcash (ZEC)
$88.63
-0.98%
Pax Dollar (USDP)
$1.00
-0.32%
GateToken (GT)
$6.49
1.91%
SafeMoon (SFM)
$0.001790
2.75%
Voyager Token (VGX)
$0.194726
-94.51%
NEXO (NEXO)
$1.76
-0.81%
Waves (WAVES)
$9.73
-7.45%
Dash (DASH)
$91.67
-0.56%
Kadena (KDA)
$5.69
-3.51%
Chiliz (CHZ)
$0.176199
1.85%
Secret (SCRT)
$5.76
-3.23%
Synthetix Network Token (SNX)
$4.58
-1.37%
NEM (XEM)
$0.098433
0.85%
Celsius Network (CEL)
$2.06
-8.16%
yearn.finance (YFI)
$23,873.00
-1.32%
Bitkub Coin (KUB)
$9.37
-0.79%
Mina Protocol (MINA)
$2.26
-2.63%
Decred (DCR)
$59.70
0.75%
Compound (COMP)
$123.27
-1.87%
Pocket Network (POKT)
$1.16
-7.39%
Holo (HOT)
$0.004387
-2.49%
Sushi (SUSHI)
$4.05
-5.54%
cUSDT (CUSDT)
$0.021691
-0.37%
XDC Network (XDC)
$0.062965
-2.93%
1inch (1INCH)
$1.58
-3.18%
LooksRare (LOOKS)
$4.05
6.15%
IoTeX (IOTX)
$0.074880
1.83%
Baby Doge Coin (BABYDOGE)
$0.000000
0.98%
Ravencoin (RVN)
$0.064841
-1.10%
renBTC (RENBTC)
$36,884.00
4.71%
JUNO (JUNO)
$16.64
-4.45%
e-Radix (EXRD)
$0.160939
-1.38%
Frax Share (FXS)
$17.67
-6.02%
Zilliqa (ZIL)
$0.044225
-0.82%
BitcoinStaking (BSK)
$47.23
216.25%
Valkyrie Protocol (VKR)
$1.22
-13.48%
OEC Token (OKT)
$40.80
1.88%
Marinade staked SOL (MSOL)
$92.52
-2.87%
Livepeer (LPT)
$24.01
0.07%
Ankr (ANKR)
$0.072218
4.24%
OMG Network (OMG)
$4.20
-0.48%
Olympus (OHM)
$63.41
-6.66%
Qtum (QTUM)
$5.61
0.12%
WAX (WAXP)
$0.301212
3.81%
Bancor Network Token (BNT)
$2.34
1.22%
Nexus Mutual (NXM)
$81.04
-1.55%
Velas (VLX)
$0.247468
2.17%
pTokens BTC (PBTC)
$45,430.00
-1.22%
IOST (IOST)
$0.023811
0.87%
APENFT (NFT)
$0.000002
-1.15%
SwissBorg (CHSB)
$0.57
-2.13%
Fei USD (FEI)
$1.00
-0.34%
Fei Protocol (FEI)
$1.00
-0.63%
Ronin (RON)
$3.56
-17.16%
WOO Network (WOO)
$0.59
-3.07%
Moonbeam (GLMR)
$6.60
-8.18%
Neutrino USD (USDN)
$0.99
0.89%
Decentralized Social (DESO)
$47.67
-5.22%
Bitcoin Gold (BTG)
$28.83
-0.59%
Liquity USD (LUSD)
$1.01
-1.93%
Syscoin (SYS)
$0.79
-6.24%
Immutable X (IMX)
$2.64
-11.42%
Dogelon Mars (ELON)
$0.000001
2.06%
ICON (ICX)
$0.69
-0.84%
Gnosis (GNO)
$258.33
-4.17%
Siacoin (SC)
$0.009668
-0.15%
Rally (RLY)
$0.213490
-3.28%
Telcoin (TEL)
$0.007825
2.01%
Kava (KAVA)
$3.17
-2.10%
Convex CRV (CVXCRV)
$2.60
-5.68%
dYdX (DYDX)
$5.71
-3.09%
0x (ZRX)
$0.52
-1.76%
Verasity (VRA)
$0.067412
-5.65%
Horizen (ZEN)
$36.64
-0.85%
Rocket Pool (RPL)
$26.96
0.66%
Audius (AUDIO)
$0.84
-5.24%
GuildFi (GF)
$2.03
-6.23%
Nervos Network (CKB)
$0.014545
-4.63%
Cratos (CRTS)
$0.006219
0.47%
Thorstarter (XRUNE)
$0.62
6.40%
DeFi Kingdoms (JEWEL)
$6.71
-14.44%
Spell Token (SPELL)
$0.004953
-37.73%
Tether Gold (XAUT)
$1,800.43
-1.23%
Ontology (ONT)
$0.461273
0.71%
Wootrade Network (WOO)
$0.81
8.00%
Tomb Shares (TSHARE)
$9,858.55
-13.88%
Constellation (DAG)
$0.153548
0.94%
Render Token (RNDR)
$2.47
1.32%
GXChain (GXC)
$4.64
173.82%
Anyswap (ANY)
$20.55
-3.56%
Ethereum Name Service (ENS)
$16.58
-2.57%
hi Dollar (HI)
$0.375993
0.76%
WazirX (WRX)
$0.79
-0.47%
cBAT (CBAT)
$0.023192
6.02%
UMA (UMA)
$5.62
-3.89%
Mirror Protocol (MIR)
$1.92
-2.09%
Perpetual Protocol (PERP)
$5.63
0.21%
SKALE (SKL)
$0.112440
-5.62%
Dogebonk (DOBO)
$0.000000
14.70%
SuperRare (RARE)
$2.31
24.37%
Civic (CVC)
$0.52
-1.23%
PEAKDEFI (PEAK)
$0.334352
52.12%
Invictus (IN)
$1,344.61
2.71%
ParaSwap (PSP)
$0.72
-10.57%
My Neighbor Alice (ALICE)
$20.13
-10.39%
Vectorspace AI (VXV)
$9.02
9.54%
Sovryn (SOV)
$17.93
-0.77%
PAX Gold (PAXG)
$1,834.41
-0.35%
RedFOX Labs (RFOX)
$0.242411
-13.80%
Synapse (SYN)
$2.00
-7.29%
Samoyedcoin (SAMO)
$0.120191
2.66%
Rich Quack (QUACK)
$0.000000
-3.78%
CateCoin (CATE)
$0.000010
3.33%
Illuvium (ILV)
$545.80
-5.86%
Flux (FLUX)
$1.53
-2.13%
Band Protocol (BAND)
$8.28
7.98%
Lido DAO (LDO)
$5.67
32.07%
Badger DAO (BADGER)
$34.68
12.62%
Snowbank (SB)
$3,867.87
1.07%
FLEX Coin (FLEX)
$4.37
-2.88%
Popsicle Finance (ICE)
$33.87
-7.71%
Gitcoin (GTC)
$23.64
79.82%
Taboo Token (TABOO)
$0.031889
10.27%
Proton (XPR)
$0.040012
6.89%
NKN (NKN)
$0.52
3.89%
Radio Caca (RACA)
$0.001840
1.31%
AllianceBlock (ALBT)
$1.02
-7.55%
BTC Standard Hashrate Token (BTCST)
$44.40
21.20%
Keep3rV1 (KP3R)
$975.78
-10.54%
DerivaDAO (DDX)
$12.37
143.65%
Polymath (POLY)
$0.368232
1.09%
SingularityNET (AGIX)
$0.340248
4.09%
BitMart Token (BMX)
$0.369266
-5.06%
Hive (HIVE)
$0.88
-0.20%
Golem (GLM)
$0.327632
2.01%
Doge Army Token (DGAT)
$0.000000
-18.42%
Aave [OLD] (LEND)
$4.10
2.91%
Stratis (STRAX)
$2.36
18.61%
Ark (ARK)
$1.98
3.33%
FEG Token (FEG)
$0.000000
-9.82%
DigiByte (DGB)
$0.021470
-2.73%
Beta Finance (BETA)
$2.01
-2.34%
PLEX (PLEX)
$1.37
5.73%
Somnium Space CUBEs (CUBE)
$25.12
15.26%
Nano (XNO)
$2.39
-2.21%
iExec RLC (RLC)
$4.43
3.79%
StormX (STMX)
$0.033770
4.03%
Ardor (ARDR)
$0.315715
36.98%
Orchid Protocol (OXT)
$0.53
-1.32%
DODO (DODO)
$1.14
-18.35%
Electroneum (ETN)
$0.017514
-11.29%
BakerySwap (BAKE)
$1.59
-7.46%
Sapphire (SAPP)
$0.395203
1.54%
Tribe (TRIBE)
$0.68
-2.02%
Storj (STORJ)
$2.14
4.68%
Coin of the champions (COC)
$0.000001
25.93%
Smooth Love Potion (SLP)
$0.010278
-9.68%
Sign up Today!Patrioticbets Newsletter

Don’t miss out on all things stock and crypto.

%d bloggers like this: