This year has been a great year for stocks overall, with the SPDR S&P 500 ETF Trust on track to finish the year up more than 24 percent. Unfortunately, some stocks that started off the year red-hot are limping into the close of the year as investors cash out of their gains and rebalance their holdings for 2022.
Meme stocks AMC Entertainment Holdings Inc. and GameStop Corp. are down 14.3 percent and 20.4 percent, respectively, so far in December after taking Wall Street by storm earlier in the year. But it’s not just sellers cashing out of meme stocks.
