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GameStop, AMC slide as meme stocks rally loses steam

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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.

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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
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