The New Paper

June 3, 2021

AMC, Blackberry, and other meme stocks surge

AMC, Blackberry, and other “meme stocks” surged this week in a reappearance of highly volatile trading, sparked by groups of retail investors on forums like Reddit. Meanwhile, AMC filed with the SEC to sell ~12M shares of its stock today after announcing a separate stock sale and a program to offer its retail investors promotions (e.g. free popcorn and exclusive screenings) earlier this week.
email

Email

text

Text

facebook

Facebook

twitter

Twitter

This story is from the June 3, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.