You May Own AMC Stock After Its 2,850% Gain and Not Even Know It

GameStop and AMC remain part of the Russell 2000 value index despite a dazzling run-up in the shares

The GameStop frenzy put the spotlight on a growing group of investors who seek and share trading information on social media platforms like YouTube and TikTok. Three investors explain how these online communities are helping them chase the market. Photo illustration: Adam Falk/The Wall Street Journal

A dizzying run for meme stocks including AMC Entertainment Holdings Inc. accelerated Wednesday, sending the movie-theater chain’s stock to a new closing high and powering some unexpected stock-market winners.

香蕉视频苹果下载In a rally reminiscent of the Reddit-fueled craze of late January, AMC shares almost doubled to $62.55 Wednesday, notching their first record close since 2015. Bed Bath & Beyond Inc. surged 62%, its biggest one-day advance on record. Headphone maker Koss Corp. surged 69%; BlackBerry Ltd. rose 32%; and GameStop Corp. added 13%.

香蕉视频苹果下载Individual investors have banded together again on social-media platforms including Twitter and Reddit in a bid to drive the stocks higher, leading to the frenetic session of trading. AMC shares jumped so far so fast that trading was .

Options activity skyrocketed, with investors positioning for even greater gains in the shares through bullish call contracts. Bets on AMC and BlackBerry were among the most popular in the entire market, alongside those tied to the S&P 500, according to Trade Alert.

The recent rally has put AMC’s gains for the year to 2,850%, surpassing even GameStop’s nearly 1,400% advance.

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