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ASX advances; resets record high – Markets – The Australian Financial Review
The Australian sharemarket has set a new intraday record high at the open; meme stocks rally again; April trade balance and retail sales ahead. Follow the latest…
AMC Entertainment Holdings Inc.s Reddit-fueled rally has reached about 2,900 per cent so far this year as retail traders ignore the companys financial troubles and continue to buy heavily shorted stocks.
Shares of the movie-theatre chain nearly doubled on Wednesday — adding to Tuesdays 23 per cent gain — after it announced a program called AMC Investor Connect that will reward small-time investors with goodies such as special screenings and free popcorn.
AMC shares have soared 2900 per cent this…
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