Following the great short that brought GameStop to highs of $483, new retail investors pilex into other stocks hoping for similar results. Let’s take a look at a few stocks that received the meme treatment following the epic squeeze, using Jan. 11 as the beginning date.
AMC Entertainment Holdings: (NYSE:AMC)
- Price on Jan. 11 2021: $2.20 (according to Yahoo Finance)
- Price on Jan. 11 2022: $22.15
A $1,000 investment in AMC at the beginning of the year at $2.20 per share, would have gotten you 455 shares. At today's price of $22.15 that is $10,068.06 with no reinvested dividends.
BlackBerry LTD: (NYSE:BB)
- Price on Jan. 11 2021: $7.65
- Price on Jan. 11 2022: $9.07
Following the same guidelines, a $1,000 investment in BlackBerry in January of last year would’ve yielded 131 shares, or $1,188.17 today.
The stock saw highs of $25.10 on Jan. 27, 2021. For fun, if you sold those 131 shares at the highs on Jan. 27 2021, you’d take home $3,288.10.
Bed Bath & Beyond Inc. (NASDAQ:BBBY)
- Price on Jan. 11 2021: $20.49
- Price on Jan. 11 2022: $15.54
A $1,000 investment in this stock would’ve bought you 49 shares. If you sold all of your shares today, it would deliver $761.46, or a loss of $238.54. Again, this stock saw highs of $52.89 on Jan. 27 2021.
Those 49 shares would’ve been worth $2,591.61.
GameStop Corp. (NYSE:GME)
- Price on Jan. 11 2021: $19.94
- Price on Jan. 11 2022: $123.21
A 1,000 investment in GameStop before the epic short squeeze would’ve given you a nice round number of 50 shares. If you sold those shares today, you would realize gains of $6,150.60.
Now, if you sold those shares at the all-time highs of $483? $24,150.
Photo courtesy of AMC.