Shares of GameStop Corp. (GME) jumped 3.4% in premarket trading Friday, to extend a bounce that started late in the previous session ( ), and them on track to snap a five-day losing streak. On Thursday, the videogame and consumer electronics retailer's stock was down as much as 5.7% at a two-month low in afternoon trading, before recovering to close down just 0.5%. Still, the stock had shed 12.8% over the past five trading days, and has tumbled 22.1% as it has declined in nine of the past 10 sessions. The stock's bounce comes after AMC Entertainment Holdings Inc.'s (AMC) fellow meme stock reversed an intraday loss of as much as 3.9% on Thursday to close up 7.7%, and to snap a four-day losing streak in which it tumbled 30.3%. AMC shares were up 3.7% ahead of Friday's open. Over the past three months, GameStop's stock has gained 7.8% while AMC shares have rocketed 285.9%. The S&P 500 has tacked on 4.2% the past three months.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 16, 2021 08:23 ET (12:23 GMT)
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