AMC shares soar one other 13% as Reddit rally extends By Reuters
© Reuters. FILE PHOTO: A taxi passes an AMC theatre amid the coronavirus illness (COVID-19) pandemic within the Manhattan borough of New York Metropolis, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
(Reuters) – Shares of AMC Leisure (NYSE:) Holdings Inc jumped 12.7% in premarket buying and selling on Thursday, extending a social-media pushed rally that has lifted the movie show operator’s inventory by greater than 500% since mid-Might.
AMC’s inventory almost doubled to $62.55 on Wednesday and was final up at about $70.50 in early offers.
Shares of different so-called “meme shares”, which have attracted consideration from particular person traders on on-line buying and selling platforms, had been additionally up. Koss Corp and BlackBerry (NYSE:) Ltd rose 2.9% and 17.0%, respectively.
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