10:43 AM EDT, 05/15/2024 (MT Newswires) -- AMC Entertainment ( AMC ) and GameStop ( GME ) shares slumped in recent Wednesday trading following their sharp gains amid the meme stock run seen early this week.

AMC was down more than 24% while GameStop ( GME ) tumbled more than 29%, after extending their sharp gains in premarket activity.

Analysts have cited the social media return of Roaring Kitty for the surge, referring to the online influencer who contributed to a 2021 meme stock rally by small investors seeking in part to thwart institutional investors shorting the stocks.

Price: 5.15, Change: -1.71, Percent Change: -24.89