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- Shares of Gamestop and AMC plunged in tandem with Bed Bath & Beyond on Tuesday as investors dove out of meme stocks.
- The sell-off was spurred by Bed Bath & Beyond's new fundraising deal to avoid bankruptcy.
- The struggling retailer warned investors it could soon go out of business, sparking major volatility in trading.
Meme stocks are being rocked on Tuesday as Bed Bath & Beyond dives on its new plans to avoid bankruptcy, with shares of GameStop and AMC also plummeting.
GameStop shares sank 12% to $21.07, bringing the stock down 74% from its all-time high of $81.25. Meanwhile, AMC shares fell 7% to $6.27, dragging the stock down 89% from its record $59.26.