Why AMC and GameStop Are Tumbling Today

·2 min read
Why AMC and GameStop Are Tumbling Today

Meme stock trio AMC Entertainment (NYSE: AMC), GameStop (NYSE: GME), and Tonix Pharmaceuticals (NASDAQ: TNXP) were all lower in morning trading Tuesday following the long weekend. There was no news directly associated with any of the stocks, but GameStop has a tangential relationship to big market news -- though it may surprise a few people its shares are moving in the direction they are. Microsoft announced this morning it was acquiring Activision Blizzard for almost $70 billion in cash, or around $95 per share.

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