Shares of GameStop (GME) and AMC Entertainment (AMC) both fell about 20% Wednesday as a 澳洲幸运5官方开奖结果体彩网:two-day run-up that raised speculat𓄧ion 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官方开奖结果体彩网:Roaring Kitty”—posted on ꦇsocial media Sunday for the first time in three years. Gill was a key figure in the meme stock cra🤡ze of 2020 and 2021, and his posts suggested he was making a comeback after an absence.

Recent Activity Pales in Co🌺mparison to Peak Meme Mania Days

Vanda Securities said that AMC and GameStop were both among the top 10 securities bou♒ght✃ 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官方开奖结果体彩网:out-of-the-money (OTM) call premium traded Tuesday, according to Vanda. Still, Vanda analys💦ꦗts noted this week's activity paled in comparison to the stocks' peak meme mania days.

AMC Announces Debt-f꧟or-Equity Swap in Efforts To Lowe🎐r Debt

AMC shares were also affected Wednesday by the movie theater chain's announcement of a 澳洲幸运5官方开奖结果体彩网: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.