GameStop, AMC slide as meme stocks rally loses steam

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

Gamestop News

AMC,Premarket Trading,Roaring Kitty

Shares of the struggling videogame retailer GameStop fell 16% to $33 after jumping as much as $64.83 so far this week. Theater chain AMC shed 13% following ...

- Retail darlings GameStop and AMC continued their slide into premarket trading on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out.

Despite the losses on Wednesday, the two companies were among the top three most-traded shares by retail investors during the session, data from J.P.Morgan showed, a position they have held every day this week. Since his first post on Sunday, Gill has put out dozens of cryptic movies clips a day on X.com. He did not respond to a Reuters request for comment on what the posts mean and whether he planned on making his investments public again.

Retail purchases of GameStop eased to $5.7 million in the previous session from $15.9 million on Tuesday, which was the highest this year, Vanda data showed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: Stocks at record high ahead of U.S. inflation data; meme mania heats upShares in AMC and GameStop soar more than 25 per cent in premarket trading
Source: globeandmail - 🏆 5. / 92 Read more »