Shares of AMC Entertainment have skyrocketed more than 200% in a wild start to the trading day, recovering to levels not seen since long before the coronavirus pandemic.At more than $16 a share, AMC is back to where it was in the heady days of 2018, the year domestic box office set an all-time record.Playing a key role in the upswing has been a flurry of action driven by traders on Reddit, with the #SaveAMC hashtag trending on multiple online platforms.
Apps like Robinhood reported outages as user activity surged. While the broader stock markets are significantly down thus far in the session, select shares are seeing astronomical gains.
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