FILE PHOTO: Signage is seen at a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly/File Photo
(Reuters) - Shares of AMC Entertainment swung between gains and losses on Tuesday after a sharp decline this month helped short sellers gain more than $1 billion on their bearish bets against the stock.
The theater chain's shares were up 1.7% at $23.65 after falling as much as 10.5% to a new 7-month low earlier in the session. Shares of video game retailer GameStop, which have also tumbled in recent days, were up about 3% at $140.39.
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