Bulletin
Investor Alert

Market Pulse Archives

Aug. 10, 2022, 10:30 a.m. EDT

Meme stocks Bed Bath & Beyond, AMC extend pullbacks after snapping long win streaks

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Bed Bath & Beyond Inc. (BBBY)
  • X
    AMC Entertainment Holdings Inc. Cl A (AMC)
  • X
    GameStop Corp. Cl A (GME)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of a number of meme stocks extended their pullbacks Wednesday, despite a big rally in the broader stock market, after they snapped long win streaks in the previous session. Bed Bath & Beyond Inc.'s stock /zigman2/quotes/209801102/composite BBBY -1.62% fell 5.6% in morning trading, after dropping 14.2% on Tuesday. That decline Tuesday snapped a nine-day win streak, the longest win streak since January 2007, in which the stock skyrocketed 148.0%. Shares of AMC Entertainment Holdings Inc. /zigman2/quotes/200235402/composite AMC -1.83% shed 4.2% on Tuesday, after falling 6.3% Tuesday to snap a six-day win streak (the longest since May 2021), and GameStop Corp. /zigman2/quotes/203755179/composite GME -1.30% fell 3.3%, after dropping 7.1% Tuesday to snap a nine-day win streak (longest since March 2022). The pullbacks come while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.51% shot up 1.6% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.71% jumped 478 points, or 1.5%, after upbeat inflation data.

/zigman2/quotes/209801102/composite
US : U.S.: Nasdaq
$ 6.09
-0.10 -1.62%
Volume: 7.68M
Sept. 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$494.94 million
Rev. per Employee
$245,868
loading...
/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 6.97
-0.13 -1.83%
Volume: 16.56M
Sept. 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$3.71 billion
Rev. per Employee
$124,591
loading...
/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 25.13
-0.33 -1.30%
Volume: 3.15M
Sept. 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$7.75 billion
Rev. per Employee
$505,408
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,585.62
-54.85 -1.51%
Volume: 2.22B
Sept. 30, 2022 5:55p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
28,725.51
-500.10 -1.71%
Volume: 320.97M
Sept. 30, 2022 5:55p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.