2021 was a historic year for the stock market, and it kicked off with the meme-fueled squeeze of GameStop Corp. GME stock that made millionaires out of some investors.
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.
See Also: Ryan Cohen, GameStop Traders Celebrate Anniversary Of January 2021 Meme Stock Frenzy
AMC Entertainment Holdings: 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: 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. 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. 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.