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

Shares of AMC Entertainment Holdings Inc. AMC,
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,
increased by 2.6%. Elsewhere, shares of BlackBerry Ltd. bb,
stuck at 0.6%, Clover Health Investments Corp. CLOV,
rose 3.4% and Nokia Corp. ENOUGH,
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,
rose 0.8%, but the S&P 500 SPX,
was virtually flat and the Dow Jones Industrial Average DJIA,
fell by 54 points, or 0.2%.