GameStop Heads Meme-Stock Rally. It’s Still a Short-Squeeze Hope.

Gamestop

Shares were soaring early Wednesday. Its surprise profit sent other meme-stocks climbing, too, underlining GameStop’s central role for retail investors still hoping to benefit from backing companies that are the targets of bearish bets.

GameStop (ticker: GME) stock was up 40% in premarket trading after it returned to profit for the first time since early 2021. It also boosted

AMC Entertainment Holdings

(AMC), up 10% in premarket trading, and

Bed Bath & Beyond

(BBBY), up 9%.