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Despite Rebound, AMC Stock Has Lost Nearly Half of Its Gains in a Month

·2 min read
Despite Rebound, AMC Stock Has Lost Nearly Half of Its Gains in a Month
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Momentum has left the meme-stock trade of late, with many of the stocks popular on social media still at elevated levels relative to their fundamentals but down significantly from their recent highs. AMC stock (ticker: AMC) jumped 7.7% on Thursday, to $36, snapping a four-day losing streak. Users on Reddit’s WallStreetBets forum lamented the recent declines, sharing screenshots of their brokerage portfolios showing steep losses on meme stocks and options.