A sudden revival in meme stock GameStop (GME) following Roaring Kitty revealing a large stake in the retailer has traders busy looking at other highly shorted names in the consumer sector. Gill, who sparked the meme-stock frenzy in 2021, on Sunday shared a screenshot on Reddit showing he bought 5M GameStop (GME) shares and 120,000 call options. Analysts caution against buying in due to potential risks. Early movers in the consumer sector include AMC Entertainment (AMC), The Children’s Place (PLCE), Tupperware (TUP), and other names with high short interest positions. Overall, the GameStop halo effect has these highly-shorted consumer stocks moving up again.
GameStop Surge Triggers Consumer Sector Frenzy: AMC, PLCE, TUP, RENT, AKA, BIG, FOSL, IRBT, WOOF, BARK, KSS, CHWY Up
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