$GME meme stock frenzy hits fever pitch.

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GameStop ($GME) and AMC’s recent market frenzy sees over 1.5 billion shares of $GME on loan, indicating massive speculative activity. AMC sells $250 million of stock amid the hype, prompting accusations of desperation. Critics decry the manipulation by large institutions like Blackrock, Vanguard, and State Street. Despite GameStop’s staggering P/E ratio of 1,210x, the stock surges nearly 400% this month, with trading volumes soaring. The chaotic nature of meme stocks highlights the unpredictable and speculative nature of today’s market.

  • Over 1.5 billion shares of GameStop ($GME) are on loan, indicating significant speculative activity.
  • AMC sells $250 million of stock amid the hype, prompting criticism and accusations of desperation.
  • Large institutions like Blackrock, Vanguard, and State Street are accused of benefiting most from the meme stock frenzy.
  • GameStop’s staggering P/E ratio of 1,210x raises eyebrows, but the stock surges nearly 400% this month, with trading volumes soaring.
  • The chaotic nature of meme stocks underscores the unpredictability and speculative nature of today’s market.
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