Jim Cramer: Short-sellers need to stop betting against GameStop and AMC
CNBC’s Jim Cramer on Wednesday said short-sellers need to just stay clear of GameStop and AMC Entertainment as long as the stocks remain popular on Reddit. Subscribe to CNBC PRO for access to investor and analyst insights:
CNBC’s Jim Cramer said Wednesday he’s not sure why any investors are still betting against GameStop and AMC Entertainment, two of the so-called meme stocks popular on Reddit’s WallStreetBets forum.
The “Mad Money” host made his comments following a session in which GameStop shares rose almost 16% Wednesday and AMC advanced 19%. The stocks are up 37% and more than 60%, respectively, this week alone as the speculative trading that first took Wall Street by storm in January resumed.
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