Social Media Stock Swings

Dated events

1. Jan. 27, 2021 · GameStop closes at a record $347.51, up about 1,700% since the start of January
   Shares of the video game retailer GameStop shot up dramatically as groups of amateur investors on social media coordinated to buy the stock, pushing the price from around $20 to over $480 in just a few weeks.
2. Feb. 2, 2021 · GameStop falls 60% in one day to $90, days after its $483 intraday peak
   After reaching its highest price, GameStop shares fell sharply as some early investors sold their holdings to lock in profits, causing the price to crash from $483 to around $90.
3. June 2, 2021 · AMC Entertainment shares jump 95% in one day to a record close near $62.55
   Movie theater chain AMC saw its stock price nearly double in one trading day as retail investors, many of the same people who bought GameStop, focused their attention on this heavily shorted company.
4. May 13, 2024 · GameStop jumps 74% as 'Roaring Kitty' returns online, reviving meme stock mania
   GameStop stock jumped sharply again as social media discussions reignited interest in the company, showing that retail-driven buying frenzies around heavily shorted stocks continued to occur years after the original 2021 events.

Assets named in this scenario · 5

AMC EntertainmentCoinbaseGameStopiShares Russell 2000 ETFRobinhood Markets