GameStop Corp.’s GME, -11.06% stock was plunging Tuesday, reversing the gains made during Monday’s meme-stocks rally that also lifted AMC Entertainment Holdings Inc.’s AMC, -9.12% stock. The video game retailer’s stock is down 12.3% in afternoon trading, compared with the S&P 500 Index’s SPX, +1.29% gain of 0.9%. The stock is on pace for its largest percent decrease since May 11, 2022, when it fell 13.02%, according to Dow Jones Market Data.
This article was originally published by Marketwatch.com. Read the original article here.