(GNB Desk)- Shares of AMC Entertainment is continuously rising in recent weeks as more vaccinated Americans continue to head back to the movies.
Shares of AMC Entertainment jumped double digits in premarket trading on Friday as Reddit traders kept piling into the speculative name this week.
According to CNBC, the stock popped 17% in early trading following a 35% advance in the previous session. Shares have already rallied nearly 120% week to date, bringing its monstrous 2021 rally to 1,150%.
AMC was the most active stock on the New York Stock Exchange by far on Thursday with nearly 700 million shares changed hands. Its 30-day trading volume average is just above 100 million shares, according to FactSet.
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