27 May 2021, 01:05 am
On Wednesday, May 26, Jim Cramer of CNBC hit those who bet in on AMC Entertainment and GameStop. According to him, he was not sure why investors would waste their time on the two meme stocks that created loud news on the WallStreetBets forum on Reddit.
Cramer has left a series of comments about the sudden increase of shares of the two companies. During that day, GameStop s stocks have skyrocketed to 16% while the AMC shares shot up at 19%. While these indications are good news for those who bet their money to the said firms, there could be a downside in considering them.
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