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Meme Stocks GameStop and AMC Tumble Tuesday on Heavy Trading Volume

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Meme stocks tumbled on Tuesday with huge trading activity in the shares.

There were some large block trades of GameStop in early trading on the NYSE. Outside of the open there were two trades of more than 20,000 shares apiece, according to FactSet data.

The NYSE briefly halted both stocks for volatility shortly after the open as the stocks popped then dropped. The duo just notched a strong week as loyal retail investors kept pushing up the shares. GameStop shares rallied a whopping 67% last week as traders got a vote of confidence when

 

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