Shares of AMC Entertainment Holdings Inc.
AMC,
fell 2.5% in premarket trading Friday, which puts the meme stock on track to snap a four-week win streak in which it rocketed nearly fivefold. The movie theater chain’s stock has lost 4.3% so far this week, after soaring 390.6% over the previous four weeks. During the weekly win streak, the stock had closed at a record $62.55 on June 2. Among other meme stocks, GameStop Corp.
GME,
rose 1.1% in premarket trading Friday, which would put it on track to snap a two-week losing streak in which it shed 13.9%. GameStop shares have slipped 0.7% week-to-date through Thursday. Separately, the S&P 500
SPX,
has fallen 0.7% week to date, putting it on track for a third-straight weekly decline.
