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Among these, AMC and GameStop stood out, earning the label of “meme shares” because of their common dialogue on social media platforms like Reddit exactly where novice investors congregated.
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For illustration, if AMC’s closing value was $sixteen on a Tuesday, and it fell under $fourteen.forty throughout Wednesday’s regular investing hours, it might quickly be positioned around the SSR listing, blocking additional shorting right up until the top of another trading day. This is particularly practical for handling wildly fluctuating stocks.