Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Reddit or meme stocks are rallying again premarket after yesterday saw investors pour back into the company's shares following similar rallies back at the end of January.
Wednesday saw GameStop shares close over 100% higher, with AMC stock closing 18% higher and Koss Corp shares gaining 54%.
GameStop shares were halted twice on Wednesday, with its trading volume around three times higher than the five-day average.
Investors seemed to gain new interest in the stock on Tuesday after the company announced its chief financial officer Jim Bell will resign on March 26th, with sources telling Business Insider that Bell was pushed out by Ryan Cohen, who made an investment in the company last year.
Thursday has seen shares in the meme stocks gain again. Koss rose 82% premarket while AMC Entertainment climbed 19%, and GameStop moved 81% higher to $166.26 per share.
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