The movie theater business is down, but AMC’s share price is up. Photo: Frederic J. Brown/AFP via Getty Images Thanks to an unlikely confluence of influences — the rise of cell phone day-trading amid a pandemic, a hive-minded forum willing to fleece a surprisingly transparent hedge fund on behalf of a nostalgic strip-mall staple, and the stock-market advice of a guy known as “DeepFuckingValue” — GameStop’s share price has risen from $17 on January 4 to over $347 as of publication.
AMC Entertainment Holdings The next firm hit hard by the pandemic to get a boost was the movie chain AMC, which saw its share price rise from $5 on Tuesday to $20.30 by the end of trading on Wednesday. Nokia Oyj Another cell company to be graced by crowd wisdom is Nokia, whose stock rose by 42 percent on Thursday — the firm’s biggest one-day percentage gain since it began trading in 1991.