Reddit’s WallStreetBets Wins Again As AMC Stock Soars

Put another one in the win column for the meme-stockers.

Driven in large part by the enthusiasm of small-time traders in the Reddit forum known as “Wall Street Bets,” AMC’s share price skyrocketed by more than a 100% on Wednesday and more than 3000% this year to hit above $70 — an all-time high that marks the best performance of any stock in 2021 (yes, including GameStop). The reddit investors were quick to celebrate, sending the hashtag #AMCArmy trending.