GameStop, AMC slide as meme stocks rally loses steam

GameStop and AMC, once popular meme stocks, experienced a decline in premarket trading as the excitement from "Roaring Kitty's" recent social media activity faded. Despite significant gains earlier in the week, both stocks saw substantial losses, with GameStop dropping 14% and AMC by 12%. The rally this time lacked the robust retail investor participation seen in 2021, with more institutional investors involved and retail traders cautious due to past losses.