AMC shares reach an all-time high after surging over 120 percent

AMC theater
(Image credit: ANGELA WEISS/AFP via Getty Images)

It's been a wild day for AMC Theatres on Wall Street.

Shares of AMC, the world's largest movie theater chain, soared more than 120 percent on Wednesday, at one point hitting a new all-time high of over $70, CNN reports. This trading "frenzy" triggered "several trading halts," according to CNBC. The company's previous intraday high, CNBC notes, was $36.72.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.