AMC Stock Whipsaws on Roaring Kitty Livestream, Weak GameStop Results
AMC(AMC) Investor Place·2024-06-07 22:07
AMC Entertainment (NYSE:AMC) is caught in the crosshairs of meme traders today. AMC stock closed up over 12% yesterday as the shares were boosted by the news that meme stock investor Roaring Kitty was going to appear on YouTube today. However, disappointing first-quarter results posted by GameStop (NYSE:GME) this morning and the company’s plan to sell additional shares of GME stock are pushing AMC’s shares down this morning.A Roaring Kitty Rally Gives Way to a Whimpering DeclineAMC stock rose sharply yester ...