AMC Stock Rises After GameStop Earnings. What It Says About the Meme Trade.

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A number of familiar “meme” stocks were on the move Friday after GameStop —the most popular meme stock of them all — rebounded even after disappointing quarterly earnings.

GameStop (ticker: GME) rose more than 1% Friday after falling more than 7% in premarket trading Friday. The videogame retailer reported a surprise loss for its fiscal fourth quarter, even as sales beat Wall Street’s expectations.