GameStop, AMC stocks bounce after sharp losses, as they looks to halt losing streaks

Shares of GameStop Corp. jumped 12.0% and of AMC Entertainment Holdings Inc. rallied 6.9% in morning trading Thursday, following sharp losses in the previous session, as they looked to snap losing streaks. GameStop's stock had plunged 33.8% on Wednesday, the biggest one-day selloff in seven weeks, on the back of disappointing fiscal fourth-quarter results and an analyst downgrade, to cap a five-day, 42.7% selloff. Meanwhile, AMC shares had tumbled 15.4% on Wednesday, and 35.6% amid a four-day losing streak, as losses spread among other meme stocks. GameStop shares have soared 615.4% year to date and AMC's stock has run up 354.7%, while the S&P 500 has edged up 3.2%.

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