AMC Stock Is Soaring. The Movie Theater Chain Saw Profits at Pre-Covid Levels. – Barrons

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…

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