Shares of AMC Entertainment Holdings Inc. (AMC) dropped 9.3% in premarket trading Thursday, after tumbling 20.5% amid a four-day losing streak. Fellow meme stock GameStop Corp. (GME) was also extending recent losses, as it shed 5.3% ahead of the open, after losing 11.0% over the past four days. A five-day losing streak would be the longest such stretch for AMC's stock since the 8-day losing streak ended May 6, and the longest losing stretch for GameStop's stock since the five-day losing streak that ended May 5. The stocks' selloffs are part of a broader-market selloff, as Dow Jones Industrial Average futures slid 474 points, or 1.4%, and futures for the S&P 500 sank 1.3%. Among other meme stocks, the U.S.-listed shares of BlackBerry Ltd. (BB.T) fell 3.3% in Thursday's premarket, Express Inc. (EXPR) dropped 6.5% and Nokia Corp. (NOKIA.HE) slipped 0.7%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 08, 2021 07:30 ET (11:30 GMT)
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