The meteoric rise of AMC Entertainment’s stock continued on Wednesday morning, with the nation’s largest cinema chain seeing its share price jump another 60% during the first two hours of trading.
The jump pushed AMC’s stock to $51.35 per share. For reference, AMC opened the year at $2.01 per share and needed to raise $917 million just to survive the pandemic “winter,” as the company put it. Needless to say, if a friend picked up some shares in early January, the next lunch should probably be on them.
AMC’s Wall Street surge has only accelerated in the last week, too, with the company’s share price more than doubling since last Wednesday.