Why AMC Stock Rocketed More Than 200% Today

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Shares of AMC Entertainment (NYSE: AMC) soared on Wednesday, as the struggling movie theater chain’s stock became the focus of an army of individual investors intent on hammering short-sellers. 

As of 11:27 a.m., AMC’s stock price was up an incredible 230%. 

Many traders have recently been synchronizing their purchases on sites like Twitter and Reddit in an attempt to drive up the price of heavily shorted stocks.

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