AMC Entertainment Stock Rockets 23% as the Meme Trade Heats Up – Barron’s
AMC Entertainment stocks meme-fueled run continued on Tuesday after the company said it sold $230.5 million in stock to Mudrick Capital Management. The rally held up even after a report from Bloomberg said the firm promptly sold off its stake at a profit.
AMC stock (ticker: AMC) closed up 23%, to $32.04, on Tuesday. Fellow meme stock GameStop (GME) was up 12%, to $249.02.
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