Why AMC and GameStop Are Tumbling Today

Meme stock trio AMC Entertainment (NYSE: AMC), GameStop (NYSE: GME), and Tonix Pharmaceuticals (NASDAQ: TNXP) were all lower in morning trading Tuesday following the long weekend.

At 11 a.m. ET, the movie theater operator and the video game retailer were both tumbling more than 8%, while the biotech was down just 2%. There was no news directly associated with any of the stocks, but GameStop has a tangential relationship to big market news -- though it may surprise a few people its shares are moving in the direction they are.

Image source: Getty Images.

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Source Fool.com