What's Going On With AMC Entertainment Stock?

AMC Entertainment Holdings Inc AMC shares are up 7.8% to $5.29 Thursday afternoon as retail investors rally around meme stocks, sparked by renewed activity from Keith Gill, known as “Roaring Kitty.”

Gill's tweet on Thursday sent GameStop Corp GME shares soaring over 11%, prompting speculation of a broader resurgence in meme-stock enthusiasm.

What To Know: Gill's cryptic tweet Thursday afternoon, laden with cultural and financial symbolism, has reignited interest in stocks tied to retail investor movements, including AMC.

Historically, AMC and GameStop have been highly correlated during retail trading frenzies, with shared investor bases often reacting in tandem.

The timing is also noteworthy, as AMC has been striving to improve its balance sheet and capitalize on recent box office successes. Roaring Kitty's tweets have previously influenced trading volumes in popular retail trader stocks.

What Else: Shares of KOSS Corp KOSS, a maker of high-fidelity headphones and audio products, also moved higher by 3.8% to $7.18 during Thursday trading.

Similarly, BlackBerry Ltd BB saw a notable uptick Thursday afternoon as investors speculated on a broader resurgence in retail-driven names.

Read Also: GameStop Rockets As Roaring Kitty Returns To X: What Does His Tweet Signal Ahead Of Q3 Earnings?

According to data from Benzinga Pro, AMC has a 52-week high of $11.88 and a 52-week low of $2.38.