Here's Why AMC Entertainment Stock Jumped Today

Shares of AMC Entertainment (NYSE: AMC) have had an active last month to say the least. Along with other Reddit trades like GameStop (NYSE: GME), its shares had rocketed up before coming back down to earth. 

Shares of AMC jumped 13% again early Thursday morning before settling back to a gain of 4% as of 12:10 p.m. EST.

Today's buying activity may have been spurred by the lawmaker hearing that is scheduled for this afternoon on Capitol Hill related to the Reddit trades and Robinhood's role. But there's another obscure piece of news that was reported this morning by Bloomberg. 

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Source Fool.com