HOME > BUSINESS >AMC s wild week ends with nearly 85% gain in renewed meme stock craze
AMC s wild week ends with nearly 85% gain in renewed meme stock craze
Reuters | Jun 04, 2021 11:02 PM EDT
An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., (Photo : REUTERS/Carlo Allegri/File Photo)
Shares of AMC Entertainment edged lower on Friday, closing out a wild week with a gain of just over 83% as the action reinvigorated the meme stock craze and the investors behind it AMC has a very strong following of believers, said Dennis Dick, proprietary trader at Bright Trading LLC. They re trying to hold strong, and they believe they re going to drive this to the moon.
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As of market close on Wednesday, AMC was up a whopping 2,850 percent year-to-date with GameStop posting an equally impressive 1,398-percent gain so far in 2021.
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