Yahoo Finance's Seana Smith breaks down three of the big headlines from Wednesday's news day. Read More...
Bloomberg
AMC Skyrockets in Reality-Defying Rally That’s Feeding on Itself
(Bloomberg) — The meme-stock frenzy is back — and bigger than ever.On Wednesday, shares of AMC Entertainment Holdings Inc. skyrocketed to an all-time high in a wild trading session as the Reddit retail-trading army came back in force, leaving many Wall Street pros wondering, yet again, what on Earth has become of the U.S. stock market.The money-losing movie-theater rose 95% and closed at a record high at $62.55. At one point the stock rose as much as 127%, pushing its total gains for the year
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