Name: Meme stocks soar as market eyes stimulus boost
Uploaded: 2021-03-12T22:20:46.000Z
Duration: 1 min 30 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

it's still game on for traders of volatile name stocks.

Shares of Gamestop jumped 18% in early trading Wednesday, putting the retailer on track for 1/6 straight session of gains.

Headphone maker costs catapulted even higher, up about 60%.

That made cinema operator AMC Entertainment's 10% hop seem tame by comparison, Market strategists believe investors are betting that some Americans will use part of their $1400 stimulus checks they're set to get under President Joe Biden's new relief package to buy stocks, and that some of that will go to the popular meme stocks that retail traders are heavily promoting.

On social media forms like Red, It's Wall Street bets, the poster child of those stocks, Gamestop saw its shares surged more than 1700% amid the social media frenzy that began in January.

Gamestop rose as high as $483 a share in January, then nose dived more than 90% before sharply rebounding roughly seven fold.

The big moves come as Wall Street a waste, the highly anticipated debut of online gaming company roadblocks later Wednesday.

 Social media post suggests roadblocks shares may lure investors that have favored Gamestop and other volatile names that have captured Wall Street's fancy this year. 