Meme Stock Craze Reaches New Heights as AMC Keeps Surging
- Cinema operator leaves fellow meme stock GameStop behind
- Retail favorites BlackBerry and Workhouse are also rallying
This article is for subscribers only.
“AMC to the Moon” posters are popping up at street corners and pool parties in the U.S. in yet another sign of the retail frenzy over meme stocks.
After a reality-defying surge on Wednesday, the stock is skyrocketing once again. The shares added 20% to $74.85 in U.S. pre-market trading. AMC now has a market value of more than $30 billion, making it bigger than at least half of the companies in the S&P 500 Index.