Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020.
Amir Hamja | Bloomberg | Getty Images
Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners.
The rally cooled off late Friday after AMC’s stock skyrocketed as much as 38% during early morning trading. The shares closed at $26.12 per share Friday, up from $13.68 on Monday. At its peak, the stock reached $36.72 a share.
AMC was the most active stock on the New York Stock Exchange by far on Friday as more…