Shares of GameStop Corp.
GME,
-0.48%
jumped 3.4% in premarket trading Friday, to extend a bounce that started late in the previous session, and them on track to snap a five-day losing streak. On Thursday, the videogame and consumer electronics retailer’s stock was down as much as 5.7% at a two-month low in afternoon trading, before recovering to close down just 0.5%. Still, the stock had shed 12.8% over the past five trading days, and has tumbled 22.1% as it has declined in nine of the past 10 sessions. The stock’s bounce comes after AMC Entertainment Holdings Inc.’s
AMC,
+7.69%
fellow meme stock reversed an intraday loss of as much as 3.9% on Thursday to close up 7.7%, and to snap a four-day losing streak in which it tumbled 30.3%. AMC shares were up 3.7% ahead of Friday’s open. Over the past three months, GameStop’s stock has gained 7.8% while AMC shares have rocketed 285.9%. The S&P 500
SPX,
-0.33%
has tacked on 4.2% the past three months.
