shares of amc preferred equity units ape  known as apes tumbled 133 in midday trading thursday as the trading vehicle of amc entertainment holdings incs amc special dividend headed toward a fifth straight loss and new lows the ape shares a nod to investors who turned a movie theater operator into a meme stock have plunged 361 amid a fiveday losing streak and were trading 425 below where they closed 600 on their first day of trading on aug 22 meanwhile amc shares shed 76 amid a selloff in the broader stock market and fellow meme stocks as a continued surge in interest rates spooked investors the sp 500 spx shed 07 while shares of gamestop corp gme sank 39 and of bed bath  beyond inc bbby slid 45