Matt Levine’s Money Stuff: AMC Is Back Too

Meme corporate finance

Ahahaha what:

Meme-stock traders again piled into shares of GameStop Corp. and AMC Entertainment Holdings Inc. in a revival of the retail-trading frenzy that had rocked markets during the pandemic.

The video-game retailer jumped as much as 113% on Tuesday, while the beleaguered movie theater chain surged 129% — triggering multiple halts in the trading of both throughout the morning. GameStop has picked up about $12 billion in market value this month as its stock has soared, while AMC has gained some $2 billion.

The latest rally erupted on Monday following the return to social media ...