AMC Entertainment has been the target of several hashtag campaigns on Twitter (NYSE:TWTR) this week with the goal of sending the stock higher. That includes the #AMC500K hashtag yesterday that had the stock gaining. #AMC500K is still trending today and #apestogetherstrong also joins alongside it and #AMCAPES.
The effort to push AMC higher started earlier this week with posters on Reddit calling for retail traders to short squeeze several stocks. That resulted in quite a few meme stocks getting a boost partway through the week.
Of course, meme stocks draw in meme lovers and there are plenty being shared on Twitter today. Let’s take a look at some of the best ones below.
— Luke (@IUPUIGUY82) May 28, 2021
— Polarizedpandad 🦍 (@Polarizedpanda) May 28, 2021
— 💎🦍 (@DiamondApe5) May 28, 2021
— Toe Brogan (@BroganToe) May 28, 2021
— Nefercito 🦀 (@IkilledKite) May 28, 2021
— M Allen Haney II (@MAllenHaneyII) May 28, 2021
— Matthew Saunders (@flazfinest665) May 27, 2021
— Keelo D'Ville 👩🏾🚀🚀 (@keelodville) May 27, 2021
— $Ada💎🚀 (@adatweeting) May 27, 2021
Hedge funds looking at each other right now wondering who’s going to cover first….. things are going to get real expensive for them now!!! #AMC #AMCSqueeze #AMCSTRONG #AMCAPES #AMCARMY pic.twitter.com/kgGYt4BGxX
— Zed Brrrrr (@ZanderB69160999) May 25, 2021
With #AMCAPES trending on Twitter and more traders buying shares, we’re seeing heavy movement for AMC stock today. As of this writing, more than 165 million shares of the stock have changed hands. We’re early into trading this morning and that already blows past the stock’s daily average trading volume of 97.7 million shares.
AMC stock was up 24.2% as of Friday morning and is up 1,541.3% since the start of the year.
Investors wanting to see what else Reddit has been up to this week should keep on reading!
Redditors have been having fun with several stocks this week by boosting them higher and discussing trades. That includes Beyond Meat (NASDAQ:BYND), SOS (NYSE:SOS), and Rocket Companies (NYSE:RKT). You can catch up on the latest news about these stocks by following the links below.
More Recent Reddit Stock News
- 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
- 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.