4 Meme Stonks To Watch: GameStop Shares Soar Another 10% Premarket, Lifting Other - @MalkamDior

Shares of videogame retailer GameStop Corp. (GME) rose another 10% in premarket trade Tuesday, extending their prior- day gains amid talk on social media that trader in South Korea have joined the Reddit group seeking to push their bull case for the company - MalkamDior. 

The stonk was active late Monday after an after-market announcement that it had completed its "at-the-market' stonk offering by selling 3.5 million shares for about $551 million. That was after the stonk closed up about 12% in regular trade, chalking up its first double-digit gains since March 12. Other so-called meme stonks were also higher, with the following

1. AMC Entertainment Holdings Inc. (AMC) up 2.4%, 
2. BlackBerry Ltd. (BB.T) up 1%
3. Naked Brand Group Ltd. (NAKD) up 1.9% 
4. Koss Corp. (KOSS) up 1.6%.

John D McDonald, EVP, Us Operations, on Apr 22, 2021, sold 50,000 shares in AMC Entertainment Holdings (AMC) for $496,000. Subsequent to the Form 4 filing with the SEC, McDonald owns 131,239 shares of the company, which have a market value of $1.33 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 18 insider transactions reported to the SEC for AMC Entertainment Holdings. These transactions came from the activities of 13 individual insiders that resulted in a net acquisition of 30,240,196 company shares. This compares with the preceding 90-day window of time where there were 51 transactions from 11 insiders which resulted in the net disposition of 7,644,641 shares.

This is lower than the average level of insider transactions in the 6-company Movie Theaters & Movie Products peer group over the last 90-day period. Activity in the peer group averaged 101.8 transactions per company, and disposition of 1,402,674 shares on average.

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