AMC jumps another 17% in best two days since last summer

Mar. 23, 2022 3:01 PM ETAMC Entertainment Holdings, Inc. (AMC)HYMCBy: Jason Aycock, SA News Editor36 Comments

Low angle view of the exterior of an AMC movie theater on a sunny day.

Colleen Michaels/iStock Editorial via Getty Images

  • AMC Entertainment (NYSE:AMC) soared another 17.3% Wednesday, re-crossing the $20/share mark for the first time in over a month.
  • The stock closed at $15.86 on Monday; it's now up more than 35% since.
  • The move marks its best performance over two trading sessions in nearly a year, since early in summer 2021, when it hit a record high.
  • The once and future "meme" stock is getting lots of juice on friendly social media forums. Mentions on Reddit's WallStreetBets forum jumped nearly 1,200% in the past 24 hours, according to Quiver Quantitative. At the top of WallStreetBets mentions, it's in the company of Tesla and GameStop.
  • And it's not just a meme outlier: GameStop is up 15% and now up 51% over the two days.
  • Meanwhile, Hycroft Mining (HYMC) - the miner in which AMC is making a notable investment - is down 3.4% Wednesday after rising 5.7% Tuesday.

Recommended For You

Comments (36)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.