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AMC shares finally fall 18% after movie theater chain warned investors they could lose all their money - but other meme stocks continue to rise Stock prices for the beleaguered theater chain had a volatile Thursday, dropping 40% before recovering and dropping again Shares in the theater chain ended the day 18% down at $51.06 The influence of online investors remains felt, with the company telling potential buyers that they could lose all of their money Still, AMC is taking advantage of its status as a so-called meme stock selling over half a billion dollars in new shares Thursday, and offering free popcorn It comes as other firms such as legacy phone company Blackberry and cannabis Sundial Growers have seen similar investment patterns ....
AMC shares closed on Wednesday at an all-time high of $62.55 per share. The company is now planning on selling over 11 million shares, per an SEC filing. ....
Shares in movie chain AMC and video-game seller GameStop have risen to their highest level in months, as retail investors are once again piling money into certain stocks to try and catch short sellers in a squeeze. ....