Shares of meme stock favorites AMC Entertainment and GameStop both tumbled on Monday, a possible blow to retail investors who plowed a net $32.5 million and $4.2 million into the stocks last week, according to Vanda Research.
AMC shares (ticker: AMC) fell 15% to their lowest close since May, while GameStop (GME) shares fell 14% to their lowest close since March. Both have been under pressure over the past month, falling more than 30%. The Omicron variant of coronavirus has revived fears that new lockdowns could keep moviegoers…