AMC Entertainment Holdings Inc. rallied for a fifth straight day as retail investors flood chatrooms and social-media platforms trying again to pump up the movie theater’s shares.
#AMCSqueeze trended on Twitter, and Reddit users Reddit users each other’s diamond hands for continuing to pile into the company, which, alongside GameStop Corp., became the face of meme stocks in January. The Leawood, Kansas-based company spiked 24% to $12.77 on Thursday, after more than doubling gains even after AMC announced it had raised about $428 million by selling shares.
The movie theater chain wasn’t alone in staging a rally on Thursday as a handful of retail-trader favorites soared after
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