SKLZ - Communications gainers for the week led by AMC's meme-stock fever while East Asian names slip

Communications services stocks as a sector eked out a gain for the week, with the XLC Select Sector SPDR Fund rising fractionally - and those that did best seemed somewhat unmoored from fundamentals. Looking at small-cap or larger stocks (minimum $300M market capitalization), far and away the sector's top gainer was "meme stock" favorite AMC Entertainment (AMC), which ended the week 81% higher, bringing it around a $25B market cap. That meant the stock ended up worth just short of 10 times its level from a year ago, in the depths of a pandemic that had closed its theaters. (See Seeking Alpha's news coverage of AMC this week.) But right behind it on the weekly gainers list was a stock that may have taken advantage of the rising fever: AMC Networks (AMCX) was the week's second-best gainer, up 25.3%, mainly on the back of Friday's 17.7% gain - with a

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Communications gainers for the week led by AMC's meme-stock fever, while East Asian names slip