AMC stock jumps more than 120% to an all-time high - CNN - 0 views
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he 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.
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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."
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The company described "Investor Connect" as a way to put AMC in "direct communication with its extraordinary base of enthusiastic and passionate individual shareholders."
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