GameStop and AMC gyrate wildly overnight after explosive rally


A GameStop store in New York.

Scott Mlyn | CNBC

GameStop and AMC Entertainment tumbled in overnight trading, then rebounded sharply in the premarket Thursday following a meteoric rally amid a retail buying frenzy.

Shares of the brick-and-mortar video game retailer dropped 15.97% in extended trading, following a more-than 130% gain during regular hours. In premarket trading early Thursday, its shares bounced 30% higher.

The movie theater chain sank 26.58% in overnight trading, after shares soared 300% in extremely heavy trading. Its shares were little changed in premarket trading.

The pair have been popular targets in the “Wallstreetbets” Reddit chat room where a wave of at-home traders focus…


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