If you've ever thought about investing or just follow financial news, you've probably seen AMC pop up. But understanding why this movie theater chain's stock behaves so unusually reveals a fascinating new dynamic in today's markets.
AMC became a 'meme stock' in early 2021, driven by a massive surge from individual investors coordinating online.
Like GameStop, AMC's stock price soared unexpectedly when retail traders on platforms like Reddit's r/wallstreetbets banded together.