Carnival Stock – Amazon falls on global tax deal, Carnival confirms July restart, AMC leads meme stocks higher
Unlike GameStop, AMC keeps selling into meme stock mania
AMC Entertainment, the movie theater chain-turned-surging meme stock, has been cashing in on its unlikely rise. Since its stock started climbing at the end of January, the company has issued more than 100 million shares, unlike fellow internet darling GameStop, which has largely held off on selling new stock. In the last few weeks, AMC surpassed GameStop in market capitalization, the value of its outstanding shares, which shot up from around $5 billion at the start of April to a high of $34 billion last week.