AMC Entertainment’s Slide Continues in Meme Stock Burnout

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AMC Entertainment  (AMC) – Get Report continued its fall Wednesday as the theater chain operator and former meme stock favorite continued to lose ground.

Shares of the Leawood, Kan., company were down 9{478333fef289f17d569c76970834c08f92d608302faf6c452490324ee355f13f} to $35.80 on Wednesday and a long drop from its all-time high of $72.63 last month.

Other former retail investor favorites were falling, including Virgin Galactic Holdings  (SPCE) – Get Report, down 10.6{478333fef289f17d569c76970834c08f92d608302faf6c452490324ee355f13f}, and GameStop  (GME) – Get Report, down 3.5{478333fef289f17d569c76970834c08f92d608302faf6c452490324ee355f13f}.

GameStop was at the forefront of the meme stock revolution at the beginning of the year as

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