UK markets closed
  • NIKKEI 225

    +55.17 (+0.20%)

    -113.82 (-0.52%)

    +0.29 (+0.38%)

    -10.80 (-0.56%)
  • DOW

    -91.57 (-0.27%)

    +655.34 (+3.46%)
  • CMC Crypto 200

    +3.58 (+0.66%)
  • ^IXIC

    +399.35 (+3.38%)
  • ^FTAS

    +50.04 (+1.18%)

AMC stock halted after experiencing heavy trading volume

Trading was halted for AMC after the stock saw heavy volume on Thursday afternoon.

Video transcript

JARED BLIKRE: But now I want to move on to meme stocks because my play is a blast from the meme-friendly past, AMC Entertainment. Let me pull this up, up 14% today after several volatility trading halts. And that's on news that-- guess what, guys? There is no news. This is a meme shock. Come on.

DAVE BRIGGS: Just kidding.

JARED BLIKRE: Yeah, we're in rally mode. S&P 500 is over the 200-day moving average. And so why not? A day late and $20 in the green here. But we can see, over the last year, still mired in the bottom portion of its range. And let me pull up a three-year chart. This is going to show us the meme frenzy, and you can really see, that is not the Blackstone chart. That is a little bit more dire there.

In all fairness here, is this-- does this have any predictive power about the markets, the fact that everything is kind of moving up right now? I mean, we did see this, what, late in the August highs. So some people are saying, well, when money is late to the meme stocks, maybe that's a contrary signal. I think there's more at play here, but it's fun to talk about. And hey, meme stocks perking up, always going to grab some headlines.

DAVE BRIGGS: And try to make sense of Bed, Bath & Beyond up 6.7% today.

JARED BLIKRE: Still on that one.

DAVE BRIGGS: Because we learned that 40% of their goods were out of stock ahead of Black Friday. We learned that they had dismal Black Friday sales. So it only makes sense to see Bed, Bath & Beyond surging today. Forget it. There is no news here. Wall Street Bets, well done.