Why Corsair Gaming, AMC, and Senseonics Stocks Are Popping Monday
Only in today's world of retail trading could a computer gaming equipment company, a movie theater chain, and a glucose monitoring product manufacturer be in the same stock market discussion. But that's what's happening today, as shares of these three strange stock bedfellows are jumping. After soaring to higher levels, the following names have pared some gains. As of noon EDT, the moves were as follows:
Corsair Gaming is one of the newer entrants into the group of stocks moving based on short interest and discussions in online forums. The stock of the maker of computer gaming equipment soared more than 30% early in today's session on more than 20 times its average daily volume. The reason wasn't anything to do with the business, but more likely the 18% of its share float sold short, as of the end of May. Senseonics Holdings is another heavily shorted stock moving higher on above-average volume today. And perennial meme stock AMC Entertainment continues to move on high volatility thanks to the WallStreetBets crowd.
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Source Fool.com
