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Here's Why AMC Stock Skyrocketed Today

TheMotleyFool

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Shares of AMC Entertainment (NYSE: AMC) soared on Thursday, as traders on Reddit, Twitter (NYSE: TWTR), and other social media sites encouraged people to buy the popular meme stock.

By the close of trading, AMC's share price was up more than 35% after rising as much as 52% earlier in the day.

AMC is one of the most talked-about stocks on the 10 million member-strong Reddit group, WallStreetBets. In recent days, Reddit's traders have ramped up their promotion of AMC's stock. Hashtags including #AMCSTRONG, #AMCSqueeze, and even #AMC500k are trending on Twitter. This social media buzz has helped to fuel a sharp rally in AMC's stock price.

Source Fool.com

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