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.