Shares of movie theater operator AMC Entertainment Holdings Inc. shot up 13% on heavy volume on Thursday, and has already been halted once for volatility.
Trading volume swelled to 38.8 million shares, already well more than the full-day average of about 23.9 million shares.
The stock was halted for volatility at 11:22 a.m. Eastern, when it was trading up 19.2% at $8.62, then surged even further to an intraday high of $8.97 (up 24.1%), which was the highest price seen since Sept. 20, before paring gains.
The stock was actually down 0.3% at an intraday low of $7.21 a little after the open. Meanwhile, the AMC Preferred Equity Units rallied 10.6%.
And among other meme stocks, shares of videogame retailer GameStop Corp. tacked on 1.49%, but was up as much as 4.9% earlier, while home goods retailer Bed Bath & Beyond Inc. climbed 4.12%, just off an earlier gain of as much as 12.6%.
The meme stocks' gains bucked the weakness in the broader stock market, as the Dow Jones Industrial Average shed 301 points, or 0.9%, and the S&P 500 slipped 0.2%.
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