Finance

AMC stock quadruples as retail investors raid hedge-fund short targets

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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

Shares of embattled movie theater giant AMC Entertainment more than quadrupled at the opening bell on Wednesday amid a flurry of trading activity in some of Wall Street’s most shorted stocks.

About 10 minutes into the session, trading in the stock was halted for the first time due to volatility. Shares were halted several additional times during the first hour of trading amid heavy activity.

Ninety minutes into the session, it was trading 222% higher at $16.27. Earlier, it jumped as much as 310% just after…



Source cnbc.com

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