Meme stock hangover: a year after GameStop, traders face gloomier markets


FILE PHOTO: Trading information for GameStop is displayed on the Robinhood App as another screen displays the Robinhood logo in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration/File Photo

NEW YORK (Reuters) - The mood has shifted dramatically a year since a spectacular rally in shares of GameStop captivated Wall Street, launching a mania for so-called meme stocks and putting the spotlight on retail investors as a force to be reckoned with in markets.

GameStop shares have tumbled from their peak, though they are far above levels touched before the meme stock craze. Other stocks popular with retail investors, including AMC Entertainment Holdings, have followed a similar path.

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