Business
AMC’s Reddit-fuelled surge is not GameStop 2.0 even if it looks like it, writes Chanticleer – The Australian Financial Review
Shares in movie chain AMC doubled on Wednesday night in a GameStop-like rally. But this time the retail army faces two fascinating tests.
Had Mudrick sold a day later, it would have made a further $US300 million. Whos the smarty-pants now, eh?
AMCs stock is apparently being pushed ever higher by the same army of retail shareholders that sent video game retailer GameStop to ridiculous levels earlier this year. This band of merry punters is loosely linked to the social media platform Reddit, and now apparently call themselves apes.
Many of these retail investors (sorry, I just cant bring myself to call them apes) bought AMC around the…
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