AMC shares soar on ‘meme stock’ rally, price doubles in a week

Shares of AMC Entertainment continued to soar Friday morning — even outpacing fellow so-called meme stock GameStop.

AMC was up more than 17 percent, trading at over $30 per share in the premarket, extending gains of about 35 percent from the day before. The stock has seen a dazzling rally this week that’s sent shares up more than 120 percent since Monday.  The recent rally has given AMC a market cap of almost $12 billion, up from less than half a billion dollars last year. Shares are up more than 1,200 percent since January.