How did the actions of Reddit traders impact the stock prices of GameStop and AMC?
Wall Street Prepares For Another Round Of Rising Stocks
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The transcript discusses the significant impact Reddit traders, particularly from the Wall Street Bets forum, had on the stock prices of GameStop and AMC. Both companies experienced substantial increases in their stock values, with GameStop rising nearly 400% and AMC over 200% in premarket trading. This movement highlights the power of collective action by retail investors on social media platforms.
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What is the name of the Reddit forum group associated with the trading activity?
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