GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower at last check by 13.8% at $163.50 and lower by 6.6% at $27.39, respectively, on profit-taking after both stocks surged higher in yesterday's session. The move in both names is amid continued volatility and despite a lack of company-specific news for the session.
However, there's been plenty of bullish news for investors in both GameStop and AMC over the past week. GameStop shares saw heavy volume and were trading sharply higher last week after Chairman Ryan Cohen purchased after 100,000 additional shares of the company’s common stock. Last week’s news and the additional gap up higher from Monday’s session has helped fuel GameStop shares up some 90.6% since March 21 alone.
