Is AMC Going To Spike Again?

Dividend Investing

AMC Entertainment (AMC) was a popular meme stock for Reddit/Robinhood traders back in the height of the meme stock frenzy. However, the stock hasn’t done much in recent months – until now. Last week the stock jumped 13% in a day with over 3x more options volume than normal. One of the larger trades on the day appears to be a bullish call spread purchase, suggesting the price spike could continue in the short-term. 

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