AMC Entertainment Shares Surge, Bucking Soft Market

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

AMC got its meme back Thursday, with the stock surging 27% at its high on heavy volume, way outpacing the broader market and other publicly traded theater chains

.

The jump was its biggest since May as the stock revisited its days as huge chatroom favorite. Volatility is a hallmark of meme stocks with others like Bed Bath & GameStop also higher. “Some days the shorts have control, and some days the retail investors have control,” said one Wall Streeter. AMC ended the session off its highs but still up more than 13% at $8.18. The broader Dow Jones Industrial Average dipped 195 points and the Russell 2000 was down as well. Among other exhibitors, Cinemark was up 1.25% at $13.78; Marcus firmed slightly to $16.31; Imax was off 0.65% at $16.78.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's cinema.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in CA

Canada Canada Latest News, Canada Canada Headlines