Almost 2 Years Ago
2 Min Read

AMC shares increased 6% today. Here's what's happening:



Amc Entertainment Holdings Inc (AMC) is trading 6% higher at $23.51 today.

Amc Entertainment Holdings Inc has been trading between a 52-week high of $52.79 and a 52-week low of $9.7. The stock has a market cap of $12.2 Billion.

AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming.

Headlines


AMC Stock News: AMC Entertainment extends meme stock rally and rises for sixth straight day
FXStreet 08-09-22

AMC Entertainment 30-day option implied volatility is at 172 amid wide price movement
Investing.com 08-09-22

Meme-Stock Frenzy Returns, Baffling Wall Street’s ‘Smart Guys’
Yahoo Finance 08-08-22

Stock Market Today: Nvidia Revenue Warning Weighs on Stocks
Kiplinger 08-08-22

Bed Bath & Beyond up nearly 40%, AMC surges as meme chatter on message boards increases
Kwhen Finance 08-08-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Necessary-Bathroom14 - 402 upvotes - source
I just read on CNBC: >Bed Bath & Beyond and AMC Entertainment surged Monday as meme traders seemed to be betting on the stock despite the lack of any apparent catalyst for the move. Our goals are beyond their understanding

MontyAtWork - 366 upvotes - source
Yup. I believe in leaders who believe in themselves and their companies. They put their money where their mouth is. They don't sell off their stakes and then buy their friend's failing mining operation. I sold all my AMC last Friday, and put it into BBBY, after HODLing a year and a half waiting to see a shred of dignity from leadership.

levijager444 - 174 upvotes - source
holding until we see tendies 🤷🏽‍♂️🤷🏽‍♂️ i watched on the sidelines for AMC and GME, no way i’m missing out on this one, we are still early. Position: 80 shares at $11.00

Creative_alternative - 174 upvotes - source
AMC leadership asked you to gargle Cramer's taint. How are you idiots not getting which side of the trade you are on?

KyivComrade - 165 upvotes - source
Remember when AMC was touted as GME 2.0? People went in balls deep only to experience a rug pull? History doesn't repeat peat but it rhymes. They want y'all to chase other stocks, flavor of the week "squeeze stocks". Anything to distract from original game stock

LilKarmaKitty - 124 upvotes - source
AMC “leadership” is more useless than the Pope’s balls or a nun’s nipples.

CalypsoWipo - 113 upvotes - source
Said it before and I’ll say it again Adam Aron is short in AMC and has helped hedge funds every step of the way.

tunakcmo - 83 upvotes - source
wsb hating amc is bullish

symitwo - 49 upvotes - source
I hold amc and good God do I fucking hate aa.

OldQuiet4482 - 46 upvotes - source
Should I sell my AMC shares to go all in on BBBY?