(Reuters) -Shares in AMC Entertainment soared on Thursday, last up around 34% at $26.33 and the top volume trade on U.S. exchanges as investors on social media forums scooped up shares in the cinema operator, pushing its market value above $13 billion at the session high.
AMC gained momentum after hitting $20.36 early in the session, its peak for late January when it was caught up in a surge of buying by retail investors inspired by online investor forums such as Reddit's WallStreetBets.
Trading volume and price gains accelerated in afternoon trading before hitting a session peak of $29.76 at around 2 p.m. EDT (1800 GMT) and then paring gains slightly.
It was up about 1,200% year-to-date.
Analysts covering the stock say they are optimistic business trends will improve for AMC as consumers become more confident about returning to movie theaters after their COVID-19 vaccinations and flock to summer releases.
RE: Should be a Good week next week23 May 2021 22:14
I don’t think maverick will be brought forward, as I read somewhere that cruise wants to fly country to country all over the world, as he usually does for the fans.
I’m hoping they release uk weekend box office takings on Monday, that will give a clearer picture. The weather was terrible down today, also Newquay doesn’t have a big population
Also forgot To mention Newquay is a small place, so never gonna be that crowded for a dated film. I’m actually here until Sunday, so will have a few trips, hopfully it will pick towards the weekend