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Closed AMC Theater

Source: Noam Galai/Getty Images / Noam Galai/Getty Images

If you’re thinking about buying stock…

A new meme stock is drawing major attention Wednesday. AMC, the nationwide movie theater chain, has more than doubled in value at times during yesterday’s trading, and more than quadrupled in the last week. The stock’s trading has been halted three times Wednesday because of volatility. The chain has had trouble getting through the pandemic as shuttered theaters virtually dried up their revenue stream.

Source | CNN

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