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At the market close on Monday, AMC stock had risen more than 78% while GameStop had rallied nearly 75%. The moves higher continued, with both AMC and Gamestop shares roughly doubling in price .
Cinema chain AMC dropped 7.7%, after rising 135% in the past two sessions, while video game retailer GameStop fell 10% after hitting its highest level since June 2021 on Tuesday.
AMC stock jumped as much as 9% in early trading on Thursday after the theater chain announced it received approximately $325.5 million of new equity capital through the sale of 40 million shares. ...
A frenzy of buying of AMC Entertainment stock triggered several trading halts Wednesday, with meme-stock traders fueling a surge of more than 100 percent. ... AMC’s price peaked as high as $72. ...
The stock of American video game retailer GameStop has been one of the most popular meme stocks, [13] [14] with mass purchases of the stock leading to a short squeeze on GameStop in early 2021. [5] The stock of entertainment company AMC is also cited as a prominent example.
AMC stock , a retail trader favorite during the meme stock craze of 2021, fell 3% to close at a record low of $4.55 per share on Friday. At its lows of the day the stock was down more than 11%.
At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share ($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month. The price of many other heavily shorted securities and cryptocurrencies also increased.
AMC Entertainment Holdings, Inc (NYSE:AMC) is trading up Thursday, reversing its Wednesday losses. The stock is up over 7%. The American movie theater chain got a boost from Imax Corp’s (NYSE ...