Shares of GameStop (GME) and AMC Entertainment (AMC) both fell about 20% Wednesday as a 澳洲幸运5开奖号码历史查询:two-day run-up💞 that raised speculation of a meme stock resurgence started to fizzle.

The rally earlier in the week was sparked when a trader named Keith Gill—known as his online persona “澳洲幸运5开奖号码历史查询:Roaring Kitty”—posted on social media Sunday for the first time in three years. Gill was a key figure in the meme stock craze of 2020 an𝓰d 2021, and his posts suggested he was making a comeback after an absence.

Recent Activity Pales in Comparison to Pe🎐ak Meme Mania Days

Vanda Securiti💯es said that AMC and GameStop were both among the꧃ top 10 securities bought by retail investors Tuesday, with $51 million and $16 million in daily inflows, respectively.

In the options market, AMC and GameStop ranked second and third respectively, for 澳洲幸运5开奖号码历史查询:out-of-the-money (OTM) call premium traded Tuesday, according to Vanda. Still, Vanda analysts noted this week's activity paled in comparison to the stocks' pea♍k meme mania days.

AMC Announces Debt-forꦿ-Equity Swap in Efforts To Lower D🐎ebt

AMC shares were also affected Wednesday by the movie theater chain's announcement of a 澳洲幸运5开奖号码历史查询:debt-for-equity swap in which it exchanged 23.3 million shares of Class A common stock for $163.9 million in bonds that mature in 2026.

The company had completed a $250 million stock sale on Monday as well, as part of the theater chain's ongoing efforts to reduce its debt, after taking on large amounts of debt to stay afloat during the pandemic.

GameStop and AMC Still Up Sharply For The Week

Shares of AMC fell 20% to close Wednesday's session at $5.48, while GameStop shares slid 19% to $39.55. Despite Wednesday's drop, the AMC and GameStop are still up 88% and 127%, respectively, since the start of the week.

UPDATE: This article has been updated with closing share price information, and a stock price chart has been added.