AMC stock was soaring Tuesday after the movie theater chain said it saw the most profitable quarter by some measures since before the onset of the Covid-19 pandemic.
Shares in AMC (ticker: AMC), a favorite among retail investors, shot up 10.4% to $17.73. The stock has fallen nearly 35% so far this year in tandem with other “meme stocks” that are feeling the pinch from the prospect of higher interest rates from the Federal Reserve in 2022.
The…