AMAM, Bed Bath Beyond and GameStop among the most actively traded stocks on the platform

It is a function of people who decide to stay home to trade stocks in the air conditioning, or simply to make extra money in an inflationary environment, the meme stock trade is having another moment.

AMC, Bed Bath Beyond, and GameStop were among the 10 most actively trading stocks on Monday. The shares of AMC were the second most active on the platform behind the volatile Tesla.

After a nearly 40% gain on Monday, Bed Bath Beyond stock went up 10% in pre-market trading on Tuesday. The shares of Bed Bath Beyond have exploded 131% in August.

The move comes out of nowhere, against speculation that the struggling retailer is nearing a badly needed cash raise.

The stock of GameStop went up by 8.5% on Tuesday, following an 8.5% gain on Monday.

AMC shares rose nearly 3% in pre-market trading as a result of an 8% increase on Monday.

AMC shares, unlike its peers in meme land, had a positive catalyst.

AMC CEO Adam Aron — affectionately known as the Chief Ape among the Reddit community, only told Yahoo Finance Live that the company would begin debt reduction soon. Aron said that we are going to get on a path relatively soon to deleverage and that means starting this year, and certainly in significant numbers in 2023. Fresh data shows the investor appetite for the names that made the retail trading movement popular at the height of the COVID-19 epidemic, regardless of the reason for the meme stock revival.

In August, the Roundhill Solactive Meme Stock Index, which tracks popular meme stocks, such as AMC, Roku, Peloton, and Robinhood, is up a cool 15%.

Brian Sozzi is an anchor at Yahoo Finance and an editor-at-large. You can follow Sozzi on Twitter and LinkedIn.