2 Meme Stocks That Beat Ethereum in 2021

NYSE: AMC | AMC Entertainment Holdings, Inc.  News, Ratings, and Charts

AMC – Investors’ interest and growing cryptocurrency uptake helped Ethereum surge 418% in 2021. However, meme stocks AMC Entertainment (AMC) and GameStop (GME) beat Ethereum’s returns, soaring more than 650% in price in 2021. So, let’s take a closer look at the two meme stocks that outperformed Ethereum in 2021.

Ethereum or Ether is the world’s second-largest virtual currency by market capitalization. It facilitates operations with the help of the Ethereum blockchain. Investors’ interest surrounding the cryptocurrency helped Ethereum soar 418% in 2021.

Meanwhile, the meme stock frenzy took the world by storm in 2021. The famous Reddit forum WallStreetBets’ (WSB) picks AMC Entertainment Holdings, Inc. (AMC - Get Rating) and GameStop Corp. (GME - Get Rating) witnessed a short squeeze as their prices skyrocketed. The rise in their prices perfectly fit the Redditors’ motto of “to the moon.”

The two meme stocks were the darlings of retail investors as they soared more than 650% in 2021, outperforming Ethereum. So, let’s look at these stocks.

AMC Entertainment Holdings, Inc. (AMC - Get Rating)

Theatrical exhibitor, AMC in Leawood, Kans., owns and operates theaters worldwide. As of Nov.9, 2021, the company operated 950 theaters  and 10,500 screens across the United States and internationally.

On Nov.4, 2021, AMC announced plans to sell its famous AMC Theaters Perfectly Popcorn through four new platforms. The company plans to sell its AMC Theaters  Perfectly Popcorn through kiosks, counters, and stores at select retail locations around the country, and deliver freshly made popcorn to the doorstep. This should help it grab a piece of the growing multi-billion-dollar popcorn market.

AMC’s non-GAAP total revenues for the third quarter, ended Sept.30, 2021, increased 532.3% year-over-year to $755.60 million. The company’s net loss came in at $224.20 million, versus $905.80 million in the year-ago period. Also, its adjusted loss per share was $0.44 compared to $5.70 in the prior year’s quarter.

Analysts expect AMC’s EPS and revenue for the quarter ending Dec. 31, 2021, to increase 96.1% and 565.3%, respectively, year-over-year to $0.24 and $1.08 billion. The stock gained 1,183% in price last year.

GameStop Corp. (GME - Get Rating)

GME provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. It sells new and used video game platforms and software, accessories, and in-game digital currency. GME is based in Grapevine, Tex.

On Nov. 4, 2021, GME announced that it had agreed with a syndicate of banks on a new $500 million global asset-based credit facility to improve its liquidity. This is likely to help the company in its efforts to transition from a brick-and-mortar retailer to e-commerce.

GME’s net sales for its fiscal third quarter, ended Oct. 30, 2021, increased 29% year-over-year to $1.29 billion. The company’s gross profit came in at $318.60 million, representing a 15.3% increase. Also, its merchandise inventories increased 32.5% year-over-year to $1.14 billion.

For its fiscal 2023, GME’s EPS is expected to increase 52.7% year-over-year to $0.80. Its revenues are expected to increase 17.3% year-over-year to $5.97 billion in fiscal 2022. The stock gained 687.6% in price in 2021.

Want More Great Investing Ideas?

3 Stocks to DOUBLE This Year


AMC shares were trading at $22.74 per share on Tuesday morning, down $0.04 (-0.18%). Year-to-date, AMC has declined -16.40%, versus a -2.63% rise in the benchmark S&P 500 index during the same period.


About the Author: Dipanjan Banchur


Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master’s degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
AMCGet RatingGet RatingGet Rating
GMEGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Investors Remain “Cautiously Optimistic”

The S&P 500 (SPY) has made great advances since the lows of early April. Yet seem to be stuck under resistance at 6,000. What happens next depends on tariff talks. So let’s talk about the latest news on that front.

Bull Market Til Proven Otherwise

The phrase that paid for investors in 2025 was “Bull market til proven otherwise” Steve Reitmeister explains why in his latest market update and preview of top stock picks.

Investor Alert: Mission Accomplished?

The S&P 500 (SPY) has broken out above the 200 day moving average. Does that mean that bear market fears are now over? And should investors be riding the bull to new heights? Read on for Steve Reitmeister’s answer...

Stock Market Update: It’s Complicated!

The S&P 500 (SPY) may have bounced 17% from recent lows, but the outlook for stocks from here is...in a word...COMPLICATED. Read on to get Steve Reitmeister full market outlook and trading plan for this complicated market environment.

Becoming More Bullish on Stocks, But...

Stocks are on a roll with the S&P 500 (SPY) up more than 10% from the recent lows. Before you start getting too giddy, you should read this updated market outlook and trading plan Steve Reitmeister.

Read More Stories

More AMC Entertainment Holdings, Inc. (AMC) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All AMC News