May 28, 2021
By Steve Goldstein valerie macon/Agence France-Presse/Getty Images The meme-stock madness has returned, but it’s a little bit different this time. First, the similarities. AMC Entertainment (AMC), the movie-chain operator, shot up 36% on Thursday, and has more than doubled over the last four days. There is, of course, no fundamental news to drive such a rapid rise, and by contrast, Cineworld Group (CNWGY), an operator of U.S. and U.K. theaters, is up 8% over the last five days. Short sellers ...