AMC rides “meme stock” highs as movie industry looks to recover
Data: EODData; Chart: Will Chase/Axios
AMC’s share price reached an all-time high last week, thanks to retail investors looking to stick it to institutional shareholders.
Why it matters: The theater chain’s wild ride on Wall Street points to the power of “meme stocks” in boosting distressed assets even when markets are volatile.
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- Retail investors have rallied around AMC online via forums like Reddit a phenomenon smilier to…
