Meme stocks includingGameStop Corporation(NYSE:GME) andAMC Entertainment Holdings(NYSE:AMC) soared earlier this week on increased optimism led by the social media return ofKeith Gill,akaRoaring Kitty.

But shares are under pressure on Wednesday and the rally could prove to be short lived.

GameStop, AMC Fall:After seeing strong gains on Monday and Tuesday, GameStop and AMC are each down over 20% on Wednesday.

AMC shares could be reacting to news that the company issued stock in exchange for notes and completed an at-the-market equity offering earlier in the week.

For GameStop, the fall...