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Meme stocks AMC and GameStop tumble to lowest levels in months as investors take off risk
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cnbc.comSpeculative trades including GameStop and AMC Entertainment were hit hard Monday amid a broad market sell-off, as investors dumped risky meme names after a head-turning year.
GameStop — once at the center of the meme stock mania, tumbled more than 12% during midday trading — bringing its month-to-date losses to nearly 29%. Shares of AMC fell 17%, pushing its monthly decline to over 32% and hitting their lowest level since June. Bed Bath & Beyond dropped 6.3%.
Other names that have been popular on Reddit's WallStreetBets chatroom also saw steep losses this month amid the overall risk-off sentiment and heightened volatility. Clover Health and BlackBerry have plunged 16% and 10% in December, respectively.
Still, Monday's sell-off doesn't make
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