Why GameStop, Express, and Newegg Stocks All Surged Higher Today
Shares of GameStop (NYSE: GME), Express (NYSE: EXPR), and Newegg Commerce (NASDAQ: NEGG) all rose 10% or more in trading Tuesday as the stock market rebounded sharply after yesterday's sell-off.
There was no company-specific news to account for the strong performance. But they all have been designated so-called meme stocks that have ardent backers among retail investors, and they tend to exhibit extreme volatility on good news, bad news, or no news at all.
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Source Fool.com
