AMC stocks bounce, on early price to break loss streak on bullish day for meme stocks

Shares of AMC Entertainment Holdings Inc. AMC,
+6.00%
bounced 6.4% in Monday’s morning trading, putting them on an early path to making a three-day losing streak amid an bullish day for other meme stocks. AMC shares had fallen 14.2% in the past three days, but since that drop followed a 24.5% rise last Tuesday, the cinema operator’s share rose 5.8% last week. That weekly gain broke a four-week losing streak, with stocks falling 41.0%. Meanwhile, shares of GameStop Corp. GME,
+0.79%
increased by 2.6%. Elsewhere, shares of BlackBerry Ltd. bb,
+0.49%
stuck at 0.6%, Clover Health Investments Corp. CLOV,
+3.35%
rose 3.4% and Nokia Corp. ENOUGH,
+1.39%
advanced 1.5%. The merry start to the week for the group comes as Robinhood Markets Inc. HOOD,
,
the free trading app favored by the meme crowd will be made public later this week. Gains also come on a mixed day for the broader stock market, such as the Russell 2000 RUT,
+0.99%
rose 0.8%, but the S&P 500 SPX,
-0.08%
was virtually flat and the Dow Jones Industrial Average DJIA,
-0.26%
fell by 54 points, or 0.2%.

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