Why AMC Entertainment Stock Was Soaring Today

Shares of AMC Entertainment Holdings (NYSE: AMC) were moving higher today as meme stocks rallied again, although there was no news about the movie theater operator. 

Nonetheless, AMC bulls on social media were cheering the stock higher, calling for another short squeeze.

As of noon EDT on Thursday, the stock was up 14.1% on its highest volume in over a month. At the same time, GameStop, another popular meme stock, had gained 4.7%.

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Source Fool.com