'Reddit rally' stocks bounce on day after selloff, then dip after hours

Topics Reddit | Wall Street | Markets


By Chuck Mikolajczak (Reuters) - GameStop and other social media darlings rebounded in calmer trading on Wednesday from their sharp sell-off in the prior session as investors turned their focus to the possibility of tighter U.S.

trading regulations. However, the so-called "Reddit rally" cooled again in after hours trade, as GameStop and AMC Entertainment, the main targets hyped on investment forums, fell. Mass buying over the past two weeks by amateur traders following posts on social media fueled a fierce rally in companies.....

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