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GameStop, AMC Shorts Get Hit With $673 Million Loss in Big Rally

  • Short losses for the two stocks rise to roughly $8.1 billion
  • Stocks have soared as social media mentions spike again
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Your Guide to Day Trading in a Post-Gamestop World

Investors betting against retail trader favorites GameStop Corp. and AMC Entertainment Holdings Inc. were dealt a serious blow on Wednesday to the tune of about $673 million, according to data from financial analytics firm S3 Partners.

GameStop and AMC, two wildly popular meme stocks among members of Reddit’s WallStreetBets forum, soared more than 16% and 19% respectively as speculative assets picked up steam. Those gains pushed mark-to-market losses for short-sellers to roughly $8.1 billion for the year, according to S3 Partners data.