"It is gambling," fund manager Cole Smead said Tuesday of the reignited meme stock craze. In premarket trading on Tuesday, shares in GameStop and AMC were up 47% and 51% respectively at 6 a.m. E.T.
[1-13-2026 12:14 pm PT UPDATE from Lukas Skog Engelbak: The article claims that the CEO is cutting jobs specifically to "fill his own pockets." However, according to GameStop's recent SEC filings and ...