Why Newegg, AMC, and Sundial Stocks Dropped Today

Meme stocks took investors on another wild ride on Friday -- and for the most part, it's looking like things will end badly. In early trading, newly inducted meme stock Newegg Commerce (NASDAQ: NEGG) shot up as high as 29% before turning tail and running down to its current 1.1% loss.

Suffering similarly (albeit without the big run-up before retreating) are more established momentum plays like AMC Entertainment (NYSE: AMC) and Sundial Growers (NASDAQ: SNDL), down 3.5% and 0.6%, respectively, as we enter the final hour of the trading day.

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Source Fool.com