AMC stock surges more than 100% to record intraday high, market cap overtakes GameStop
Shares of AMC Entertainment Holdings (AMC) rallied again on Wednesday, with shares nearly doubling in value as investors on Reddit and other social media platforms piled into the meme stock.
AMC’s stock rose as much as 127% at session highs to trade at $72.62 per share around 1:15 p.m. ET. The company’s market capitalization broke above $30 billion following the rise, bringing it above GameStop’s (GME) market value of approximately $20 billion. The swift surge on Wednesday also triggered multiple…
