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Kure
2021-05-11

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What's Up With AMC Stock?

AMC Entertainment Holdings Inc shares moved past the $10 psychological mark in Monday’s after-hours

What's Up With AMC Stock?

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AMC continues to remain popular as a meme stock among retail investors.</p><p>AMC was the fourth most mentioned stock on r/WallStreetBets over the past 24 hours to press time, attracting 250 mentions on the forum, according to data obtained from Quiver Quantitative.</p><p><b>Tesla Inc</b>&nbsp;and&nbsp;<b>GameStop Corporation</b>&nbsp;were ahead of AMC in terms of mentions, but&nbsp;<b>Palantir Technologies Inc</b>&nbsp;was the most mentioned on WallStreetBets.</p><p>AMC shares spiked 5.13% in Monday’s after-hours session to $10.24 after closing 2.42% higher at $9.74 in the regular session.</p><p>AMC is also the top-trending ticket on Stocktwits at press time.</p><p><b>Why It Matters:</b>Last week, AMC CEO Adam Aron said that the company is staring at an&nbsp;“increasingly favorable environment.”</p><p>AMC attracted nearly 7 million U.S. and international moviegoers to its cinemas in the first quarter, as per the CEO. 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