AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher by 7.54% to $6.99 Monday morning amid strength in 'meme stocks' and despite a lack of company-specific news.
The stock is trending across social media platforms. At the time of publication, AMC is the #4-trending ticker on social media platform Stocktwits and has a session volume exceeding 14.00 million, already nearing the average session volume of 17.95 million.
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AMC may also be experiencing a short squeeze Monday morning. AMC has a total share float of 515.00 million, of which 20.25% of shares are sold short.