Overnight Trading | GME, AMC continue to surge by 30%, WSB frenzy shows no signs of stopping

Overnight, retail investors rallied around concept stocks, with GameStop (GME) closing up 74.4%, rising over 118% at one point during the session; AMC closed up 78.35%, rising over 102% intraday.

In the night session, the rally continued, with GME and AMC both rising around 30%, expanding their gains from after-hours trading.

In terms of news, the "bullish retail investor" Keith Gill, who led retail investors in resisting Wall Street hedge funds, has returned to social media after three years.

Earlier, the legendary retail investor Keith Gill, who led retail investors to drive up the company's stock price in 2021, returned to social media after three years, reigniting investors' enthusiasm for the stock. At that time, this investor continued to comment and show his purchases, causing global investors to follow suit and buy GameStop. In addition to profiting from investments, he also expressed dissatisfaction with the short sellers.

The event caused a stir, with prominent figures like Duan Yongping also getting involved. Subsequently, a U.S. film and television company will also bring this event to the screen. Regarding the recent surge, an investor wrote on Reddit's GameStop board: "Oh my god, it's him, he's really back." and said, "Keith Gill can give hedge funds a heart attack."

Among other WSB stocks, Gores Holdings (KOSS) had already started in early May, with gains of about 100% so far, rising about 10% after hours:

In addition, Nokia (NOK) was also hyped in 2021, soaring from over $3 to over $9 in the short term.

On the WSB channel on Reddit, the top three most discussed stocks in the past 24 hours are all concept stocks held by retail investors:

Note:

The Wall Street Bets channel (WSB) on Reddit was created in 2012. This investment community currently attracts more than 15 million users and is a gathering place for retail investors to discuss U.S. stocks. The stocks discussed in this channel are often the hottest stocks at the moment, and due to the channel's influence, they may drive stock price movements.

What is after-hours trading?

The emergence of after-hours trading allows U.S. stock trading to take place 24 hours a day, better aligning with the working hours of people in the EastInvestors can trade US stocks in a timely manner based on the market conditions in the Asia-Pacific region and unexpected events in the Hong Kong and US stock markets, without having to wait for the US stock market to open in the evening.

The trading hours for the US stock night session are from Sunday to Thursday night, 20:00 - 03:50 Eastern Time. Night trading, along with pre-market trading, intraday trading, and after-hours trading, together form the 24-hour trading of US stocks.

Risk Warning

The trading volume during the night session is generally much smaller than during regular trading hours, and usually smaller than after-hours and pre-market trading. Please be aware of slippage risks. In addition, there is significant volatility risk around major events such as the release of financial reports by listed companies.

Furthermore, stocks that are hotly discussed on platforms like WSB, due to retail investors' enthusiasm or abandonment, especially for small companies (such as GameStop GME and AMC in 2021), may experience significant fluctuations. Please be cautious of the risks