3, 2020: Here’s where it really starts to get interesting. AMC was in its typical zone, trading at $12.34, which would now be worth $4,440. Shares hit $11.96, making an investment then worth $21,560 now.
GameStop couldn’t catch a break, even though it was the company’s busiest season. Investors on that day would see a value of $2,190 today. 21, 2018: Blackberry was in a rut, falling to $6.91. An investment then could be cashed in for $4,250 now.ĭec. Blackberry was on a bit of a rise, hitting $10.30, making the investment worth $1,490 today.
17, 2017: GameStop shares were well along their slow slide down from their 2015 peaks at this point, a descent that wouldn’t stop until this year. And Blackberry was down to $9.46, and your $1,000 would be worth $1,600 today. GameStop was at $38.36 at the time, bringing the return to $6,760. Investors who bought then would see that investment now worth $1,610. March 27, 2015: AMC shares were at a high of $34.95 as moviegoers flocked to see Home. And a Best Buy investor would have a portfolio worth $2,100. The same investment in GameStop would have fetched you $5,230. Your $1,000 in the theater chain would currently be worth $2,760. 20, 2013: GameStop and Blackberry had already been trading for years, but this is the first historical data available for AMC, so it’s as good a starting point as any. What if, though, you were one of the early investors in three of the biggest meme stocks: GameStop, AMC, and Blackberry? How would your portfolio look today if you had bought and held? Here’s a look at what a $1,000 investment in the past could have been worth in the present.ĭec. There’s all sorts of FOMO from other investors and lots of finger-wagging from fundamentalists who say the numbers can’t sustain these stock prices, but individual investors don’t seem to care much about what those groups have to say. The meme stock traders are largely of two camps: the day traders who ride the gains, then cash out quickly, and the long-term HODLers, the die-hards who see long-term potential in the stock.
And plenty of people have seen substantial gains in a short period of time. A flurry of individual investors, spurred on (in part) by Reddit’s r/WallStreetBets community, has sent share prices soaring in companies that Wall Street had largely forgotten.
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