AMC Entertainment (AMC) — 2021 Meme Squeeze
From: $2.12 (January 2021)
To: $72.62 intraday peak (June 2021)
The Shift: At its literal peak on 2 June 2021, the cinema chain surged by over 3,300% from its winter lows. (Due to dilutive share issuances and reverse stock splits executed by management in the years following, this peak appears as an adjusted $625.48 on modern charts)
The run up in January alongside GME and others was stopped by the removal of the buy button when multiple trading firms made it a position close only stock.
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