Why AMC and GameStop Shares Are Falling Today, but Sundial Growers Is Rising
Leading meme stocks were taking investors down more than a notch or two Tuesday as AMC Entertainment Holdings (NYSE: AMC) and GameStop (NYSE: GME) were falling by 5.6% and 4.6%, respectively, heading into noontime trading. On the other hand, Sundial Growers (NASDAQ: SNDL), after falling more than 2% to start the day, began rallying and managed to break through into positive territory.
It's an inauspicious start to the new year for movie theater operator AMC, which lost 2.5% of its value yesterday and has lost nearly 10% over the past month, while GameStop is down even more, falling 15% since early December.
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Source Fool.com
