Meme stocks hit a wall on Thursday with GameStop, AMC and Clover down big

(CNBC) The meme stock mania created by the day trading Reddit crowd fizzled a bit on Thursday. It’s easy come, easy go for many speculative names favored by retail investors including AMC Entertainment and GameStop as they suffered double-digit losses on Thursday, pulling back from their recent explosive rallies. The video game retailer shed 27.2% even after announcing two high-profile executive hires from Amazon. The movie theater chain dropped 13.2% on Thursday, turning negative on the week.

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