Shares of Wall Street Bets meme stock Nokia (NOK), AMC Entertainment (AMC), and GameStop (GME) are gaining positive sentiment among investors again. The group of stocks go positive after the Financial Services Committee hearing with Keith Gill continuing to be positive on the stock.
With that these meme stocks surged after Wall Street Bets Reddit legend Keith Gill doubled down on GameStop stock. A new screenshot posted on Reddit by DeepF—ingValue, his online username, showed that he bought an additional 50,000 shares, bringing his total stockholdings to 100,000 shares, worth roughly $4 million as of Friday, The Wall Street Harold reported.
Many suggest that this sign tells that the rally isn’t quite over yet. Despite huge losses and the dwindling share price of GameStop stock, many investors are clinging onto their shares. You can see most chanting “IF HE’S STILL IN, I’M STILL IN!”