Shares of GameStop and AMC tumbled Monday, dealing a blow to the legions of individual investors who have banded around the two stocks and frequently tout them on social media
tumbled Monday, dealing a blow to the legions of individual investors who have banded around the two stocks and frequently tout them on social media.
, leading the company’s shares to slump nearly 7% on Friday. The movie-chain operator also faces challenges from the new Omicron variant of Covid-19, which has stirred fears of new lockdowns that could keep customers away from theaters. Some individual investors continued to cheer the stocks in Reddit forums on Monday, with many saying they were buying more shares on the dip.
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