A taxi passes an AMC theatre amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
Shares of AMC Entertainment Holdings Inc (AMC.N) jumped 12.7% in premarket trading on Thursday, extending a social-media driven rally that has lifted the movie theater operator’s stock by more than 500% since mid-May.
AMC’s stock nearly doubled to $62.55 on Wednesday and was last up at about $70.50 in early deals.
Shares of other so-called “meme stocks”, which have attracted attention from individual investors on online trading platforms, were also up. Koss Corp (KOSS.O) and BlackBerry Ltd rose 2.9% and 17.0%, respectively.
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