AMC Entertainment ($AMC) - Just a matter of time before AMC turns into APE Capital.
The embattled theater chain lives and dies based on retail investment.
They're tapping into that well again with the issuance of hundreds of millions in APE preferred equity as they stare down a stark future.
Paper-handed apes saw through the move and dumped shares en masse.
$AMC closed the day down 14.46%.
Carvana ($CVNA) - The car vending machine company IPO'd in 2017 at about $15/share.
At its peak in Aug 2021, it hit $360. It's now back at $24 and sinking by the day.
Even for a meme stock, that's an epic rollercoaster ride.
Bulls would say this is the time to get in, but slowing sales and a cash inferno point to trouble ahead.
By the end of the day, $CVNA was down 6.57%.