AMC shares surge 50% to reach 4-year high - The Reddit crew at it again!27 May 2021 21:50
Shares of AMC Entertainment Holding Ltd surged above 50% on Thursday to levels from 2017, before tapering down to an increase of 46.30% at 2:03 pm ET.
According to reports from CNBC, the surge came as a result of speculative trading activity on Reddit, the same trading that led to GameStop shares skyrocketing earlier in the year.
Breaking the News / OL