AMC shares jump more than 120% to an all-time high
CNN
The hits keep coming. Shares of AMC — the largest movie theater chain in the world — surged more than 120% Wednesday to a new peak above $70 before falling back slightly. Trading of the shares was halted twice due to volatility.
The popular WallStreetBets Reddit board has boosted the stock lately as a way to hurt short sellers who bet against the company. On Wednesday, AMC (AMC) announced that it would reach out to its new backers with an initiative called "AMC Investor Connect." The company described "Investor Connect" as a way to put AMC in "direct communication with its extraordinary base of enthusiastic and passionate individual shareholders." The theater chain also revealed that it has seen its "retail shareholder base grow beyond 3 million owners" over the last several months.More Related News
Rubio to head to Central America for first trip as top US diplomat as Trump cracks down on migration
Secretary of State Marco Rubio will travel to Central America for his first trip as the top US diplomat.
The Trump administration has moved with lightning speed to roll out the president’s immigration agenda, effectively closing off the US southern border to asylum seekers, severely limiting who’s eligible to enter the United States and laying the groundwork to swiftly deport migrants already in the country.