Shares of AMC Entertainment (NYSE: AMC) are falling 5.3% at 11:02 a.m. ET on Tuesday as the meme stock rally over the past month or so continues to fizzle out.

Ever since AMC's preferred stock unit, AMC Preferred Equity (NYSE: APE), began trading on the market, the common shares have lost more than a quarter of their value. The preferred shares have lost almost 28%.

Image source: Getty Images.

Continue reading

Source Fool.com