Reddit-pumped stocks from AMC Entertainment to GameStop fell Thursday as the rest of the market soared – a reversal of the day before when retail traders in crowded chat rooms joined forces to push selected names skyward and sent the market into conniptions.The nation’s largest exhibitor, AMC is down 50% after surging 300% yesterday as the #SaveAMC hashtag trended on several online platforms.
GameStop, Blackberry, Bed Bath & Beyond and others also reversed gains. The movement in these stocks, coming from a place and with a force outside the traditional investment ecosystem, had pundits wondering if there was something structurally amiss with financial markets that had to be addressed.The declines came as several financial services firms
Read more on deadline.com