What happened Shares of meme stocks AMC Entertainment Holdings (NYSE: AMC), SmileDirectClub (NASDAQ: SDC), and Sundial Growers (NASDAQ: SNDL) were declining today, down 9.5%, 3.6%, and 1.9%, respectively, as of 3:40 p.m. Bed Bath & Beyond shares had surged some 300% in the first half of August, as meme traders appear to be reentering the market amid falling inflation and beaten-down stock prices. That occurred when retail traders on online forums such as Reddit's WallStreetBets identified highly shorted companies that could be squeezed with enough coordinated buying power.