Meme stocks GameStop, AMC slump to multi-month lows


FILE PHOTO: Signage is seen at a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) - Shares of Gamestop and AMC Entertainment tumbled to multi-month lows on Monday as some investors appeared to sour on the names that had produced eye-watering gains earlier in the year.

Video game retailer GameStop was recently down about 11% at $141.74, briefly touching its lowest level since April, while movie theater operator AMC slumped 14% to $23.64, a level last seen in May.

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