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Meme stocks hit a wall on Thursday with GameStop, AMC and Clover down big

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The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the logo on a smartphone arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021.

Tiffany Hagler-Geard | Bloomberg | Getty Images

The meme stock mania created by the day trading Reddit crowd fizzled a bit on Thursday.

It’s easy come, easy go for many speculative names favored by retail investors including AMC Entertainment and GameStop as they suffered double-digit losses on Thursday, pulling back from their recent explosive rallies. The video game retailer shed 27.3% even after announcing two high-profile executive hires from Amazon. The movie theater chain dropped 13.2% on Thursday, turning…



Source cnbc.com

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