Why Did Newegg, AMC, and Sundial Stocks Drop Today? The Motley Fool Newegg Commerce (NASDAQ: NEGG), a recently entered meme stock, rose as high as 29 percent in early trade before tumbling to a current loss of 1.1 percent. More known momentum plays like AMC Entertainment (NYSE: AMC) and Sundial Growers (NASDAQ: SNDL), which are down 3.5 percent and 0.6 percent, respectively, as we enter the last hour of trading, are suffering similarly (albeit without the massive run-up before retreating). In the case of Newegg, investors appear to have gotten carried away by a couple of news items earlier in the week that may or may not have had a significant impact on the company — for example, a Newegg sale on popular graphics processors and an expansion of Newegg’s already existing “build-to-order” PC program./n
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