Skip to content
Subscriber Only
Wealth
Investing

Reddit Trades Crumble as GameStop, AMC and Silver Plunge

  • GameStop, AMC shares sink more than 20% in U.S. pre-market
  • Robinhood has loosened trading restrictions on some stocks
Video player cover image
WATCH: Silver’s surge to an eight-year high lost momentum.(Source: Bloomberg)
Updated on

The wild run-up of trades popular with Reddit crowds is starting to come crashing down.

GameStop Corp. sank 47% to $118.84 as of 9:42 a.m. in New York. It’s now down 65% from its record close of $347.51 on Wednesday. AMC Entertainment Holdings Inc. slid 39% and Express Inc. lost 26%. Silver tumbled more than 5% after surging to an eight-year high.