AMC, GameStop shares fall to half of their June peaks

Shares of cinema operator AMC Entertainment and video game retailer GameStop Corp fell sharply and were both trading below half their recent peak prices, testing the fortitude of the stocks’ retail shareholders.

AMC, in its fourth straight day of losses, closed down 15% at $33.43, close to 54% below its all-time high of $72.62 reached in early June. The stock earlier fell as low as $33.25 to its lowest point since June 1.

GameStop finished down 6.9% at $167.62 after hitting a session low of $165.07, compared with its June 8 high of $344.66. GameStop, which hit a record high of $483 in late January, also registered a fourth straight day of declines.