AMC Entertainment (NYSE:AMC) is enjoying a massive run-up on Thursday as investors on social media boost the shares higher with the #AMC500K hashtag.
Retail traders on Twitter (NYSE:TWTR) and Reddit as shares of AMC stock continue to rise on a rally that started earlier this week. Shares of the stock have continued to climb since then with no sign of stopping. This has AMC soaring close to 79% over the last five days.
Of course, it wouldn’t be a successful hashtag campaign without Twitter users sharing their favorite memes and posts online. Let’s take a look at some of the top #AMC500K posts below.
Good Morning let's crack open the hegies piggy bank, and make fucking history!
— Pagán (@MrMuleame)
DONT SELL AT $20
DONT SELL AT $100
DONT SELL AT $1000
DONT SELL AT $10,000
DONT SELL AT $50,000
DONT SELL AT $100,000WE GO $500K OR HIGHER!!!!!
— Movie Ape (@evaunit1999)
https://twitter.com/BrianaPerpignan/status/1397517902358761474
Apes!! DO NOT SELL!!! DO NOT SELL!!! HOLD!!! HOLD!!!
Retweet the hell out of this!!!— JJ #31 (@Justice_9531)
Me seeing $16
— Binx (@heyitsbinx)
https://twitter.com/snaperooo/status/1397923604440829961
WE’RE AT ENDGAME APES!!! SHOUT IT FROM THE ROOFTOPS, WE CLOSED AT $16.47!!!
THIS IS UNREAL!!! Don’t be fooled though, the squeeze STILL hasn’t been squoze. This ain’t over YET!
— Mom is headed to the MOON! (@momtalksstock)
Let's close today strong my apes, my diamond hands brothers and sisters. LETS GO 20.
— Pagán (@MrMuleame)
Me, watching finally lift off to the moon after not sleeping since January
— Moon Ape 🦍 (@MoonApeMan)
Me every time I refresh the ticker…— TheWatcher (@gstacks4life)
The #AMC500K hashtag definitely seems to be doing its job today. The rising interest in AMC stock has shares experiencing heavy trading. That’s resulted in more than 266 million shares of the stock changing hands as of this writing. To put that in perspective, the company’s daily average trading volume is roughly 88 million shares.
The explosion of interest has been good for more than just AMC stock this week. Several other meme stocks loved by Reddit and social media traders have also been on the rise lately. That includes Koss (NASDAQ:KOSS) and BlackBerry (NYSE:BB). You can learn more about that at this link.
AMC stock was up 15.5% as of noon Thursday and is up 1,025.4% since the start of the year. Not bad for a company that was facing bankruptcy last year.
Investors looking for other hot stocks today should keep on reading.
Today’s news also has other Reddit favorites seeing major gains as interest in stocks on WallStreetBets takes off. A few examples include Beyond Meat (NASDAQ:BYND), SOS (NYSE:SOS), and Rocket Companies (NYSE:RKT). You can learn more about these stocks by checking out the following links!
More Reddit Stocks Getting Love
- BYND Stock: 6 Things to Know About Beyond Meat as It Becomes a Reddit Favorite
- SOS Stock: How Redditors Are Fueling the Rise in SOS Today
- The 10 Most Talked About Stocks on Reddit WallStreetBets
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
