GameStop and AMC Continue Slide as Roaring Kitty Frenzy Fizzles – What’s Next for Retail Investors?
Bengaluru, India – As the buzz surrounding the resurgence of “Roaring Kitty” diminishes, both GameStop and AMC are facing a rapid decline in premarket trading. The once-beloved retail giants have experienced a significant drop in share prices, leading to substantial losses for short sellers. GameStop shares plummeted by 14% to $34, while AMC saw a 12% decrease after an initial 88% gain. Despite the recent setbacks, data from J.P.Morgan revealed that GameStop and AMC remained …