Sit back and enjoy the show! AMC soars past $14B market value

The United States movie theatre company’s stock is up more than 1,250 percent year-to-date, fuelled by retail investors and Reddit users.

AMC Entertainment Holdings Inc.’s eager retail investors have vaulted the company’s market value to $14 billion for the first time. Shares extended an intraday rally to soar 49%, the most since late January, at 3:15 p.m. in New York, as the Leawood, Kansas-based company’s value jumped to a record. Volume also jumped, with more than 600 million shares changing hands, more than four-times the average of the past five sessions. AMC’s revival has been fueled by individual investors eager to save the movie theater industry after it raised more than $1 billion in financing to avoid bankruptcy over recent months. The stock is up more than 1250% year-to-date.