AMC shares shoot up as Cuomo moves to reopen New York movie theaters

AMC shares shoot up as Cuomo moves to reopen New York movie theaters

AMC shares shot up 18 percent and have rallied another 13 percent in aftermarket trading so far on Wednesday. New York Governor Andrew Cuomo has announced that movie theaters can reopen at 25 percent capacity starting next week. New York City is among the most profitable markets for the nation’s largest theater chain. AMC was…

Robinhood app freezes GameStop and AMC stocks; trading to resume tomorrow
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Robinhood app freezes GameStop and AMC stocks; trading to resume tomorrow

Robinhood will allow “limited buying” of GameStop and AMC tomorrow, the company announced late Thursday. The soaring GameStop stock took a hit on Thursday as the free trading platform Robinhood froze the stock along with AMC. GameStop‘s stock – which traded as low as $2.80 in April 2020 – peaked at $467 this morning as…