AMC Entertainment Holdings Inc (NYSE:AMC) shares moved past the $10 psychological mark in Monday’s after-hours session, spiking over 5%.
What Happened: There were no significant triggers for the movement in the shares. AMC continues to remain popular as a meme stock among retail investors.
AMC was the fourth most mentioned stock on r/WallStreetBets over the past 24 hours to press time, attracting 250 mentions on the forum, according to data obtained from Quiver Quantitative.
AMC shares spiked 5.13% in Monday’s after-hours session to $10.24 after closing 2.42% higher at $9.74 in the regular session.
AMC is also the top-trending ticket on Stocktwits at press time.
Why It Matters: Last week, AMC CEO Adam Aron said that the company is staring at an “increasingly favorable environment.”
AMC attracted nearly 7 million U.S. and international moviegoers to its cinemas in the first quarter, as per the CEO. On a year-till-date basis, AMC shares have spiked 359.14%.
Photo by JAH2k on Wikimedia