GameStop and AMC Stock Surge: Renaissance Technologies LLC Makes Bold Moves!
New York City, NY – Renaissance Technologies LLC, a quantitative fund established by the late Jim Simons, made significant investments in meme-stock favorites AMC Entertainment Holdings Inc. and GameStop Corp. prior to the recent surge. Regulatory filings revealed that the hedge fund acquired 3.82 million shares of AMC and 1 million shares of GameStop in the first quarter of 2024, indicating a bullish stance on these companies. The rapid increase in the share prices of …