AMC data indicates ‘panic’ ahead of APE stock conversion, says Stocktwits

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Nike posted a record streak of losses as concern over China's sluggish consumer recovery builds and elevated merchandise stockpiles continue to weigh on profitability across the activewear industry.

The stock slid 1.4% to $101.46 on Tuesday, falling for a ninth straight session in its longest losing streak since the company's initial public offering in December 1980.

Stocktwits is a social platform for investors and traders. "Sentiment has never felt worse in regards to AMC," Tommy Tranfo, head of community at Stocktwits, told MarketWatch, via email. "The data is communicating 'panic' pretty clearly here," he added, noting Stocktwits is seeing "extreme fear" regarding sentiment, as well as extremely high message volume.

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