BB - Wall Street Breakfast: AMC On Fire

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. AMC on fireThe meme trade has been resurfacing in recent weeks, but really picked up pace in the last few sessions, as retail favorite AMC Entertainment (NYSE:AMC) continues to make headlines. A 95% gain to $62/share on Wednesday - following four trading halts - left the movie theater chain with a market capitalization of $31.3B, making it more valuable than half of the companies in the S&P 500. That follows a 23% climb on Tuesday, a 200% advance in the last week and 3,600% return since the beginning of the year. For the record, the stock is up another 20% premarket to $75.Diving deeper: Much of the price gains have been attributed to swarm trading, as well as gamification, where traders pile into popular names, ignoring

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Wall Street Breakfast: AMC On Fire