AMC stock set to snap 4-week win streak

MarketWatch2021-06-25

Shares of AMC Entertainment Holdings Inc.AMC,-2.74%fell 2.5% in premarket trading Friday, which putsthe meme stockon track to snap a four-week win streak in which it rocketed nearly fivefold.

The movie theater chain's stock has lost 4.3% so far this week, after soaring 390.6% over the previous four weeks. During the weekly win streak, the stock had closed at a record $62.55 on June 2.

Among other meme stocks, GameStop Corp.GME,-3.21%rose 1.1% in premarket trading Friday, which would put it on track to snap a two-week losing streak in which it shed 13.9%. GameStop shares have slipped 0.7% week-to-date through Thursday.

Separately, the S&P 500SPX,+0.58%has fallen 0.7% week to date, putting it on track for a third-straight weekly decline.

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