36 Funny AMC Stock Memes as AMC Stock prices go up.
AMC Entertainment Holdings Inc. rose for the first day in three amid a wider advance in meme stocks and as regulators advised they are scrutinizing the frenzied trading in the group of shares for any signs of market manipulation.
36 AMC Stock memes
The stock leaped as much as 25% before paring those gains to trade 12% higher at $53.90 as of 3:20 p.m. in New York. Shares more than doubletwice as much gains on the first two days of a holiday-shortened last week, but gave back some of those profits after insiders cashed in with a barrage of share sales.
In a declaration made on Monday, the U.S. Securities and Exchange Commission said it’s surveying markets for manipulation and other forms of wrongdoing amid the frenzied rise in so-called meme stocks. “We will act to protect retail investors if violations of federal securities laws are found,” the agency announced.