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By Medha Singh
(Reuters) – Shares of AMC Leisure swung between positive aspects and losses on Tuesday after a pointy decline this month helped quick sellers acquire greater than $1 billion on their bearish bets in opposition to the inventory.
The theater chain’s shares have been up 1.7% at $23.65 after falling as a lot as 10.5% to a brand new 7-month low earlier within the session. Shares of online game retailer GameStop, which have additionally tumbled in current days, have been up about 3% at $140.39.
Each corporations have been on the coronary heart of a meme inventory phenomenon earlier this 12 months, when particular person traders coordinating on on-line message boards helped gas beautiful rallies that value quick sellers billions of {dollars}.
Extra lately, these shares have tumbled, with AMC …
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