Shares of AMC Entertainment, which rallied nearly 300% last week from a major short squeeze, was down 27% on Tuesday.
Besides GameStop, other popular short-squeeze targets among Reddit traders were taking big hits on Tuesday. Shares of AMC Entertainment, which rallied nearly 300% last week from a major short squeeze, was down 40% in morning trading. The iShares Silver Trust ETF, part of an attempted squeeze on the metal, was down 6%.
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USA — Financial Reddit trades besides GameStop also crater — AMC, silver take big hits