Why AMC Stock Was Soaring Today
It's probably safe to say that no one has seen a 13-month stock chart like that of AMC Entertainment Holdings (NYSE: AMC). The struggling theater operator became a leading meme stock and rocketed up more than 2,400% in early 2021. And even though it has been down more than 70% from that June 2021 peak, the stock has still returned 711% since the start of last year.
Today, the stock is actually reacting to real company news, popping almost 14% in early trading after AMC provided investors with a good preview of its fourth-quarter 2021 financial results. As of 10:19 a.m. ET, AMC shares pared early gains but still remained 5.3% higher.
Source Fool.com
