GameStop, AMC stocks surge in volatile trading
Stocks down after inflation fears continue
FOX Business’ Ashley Webster and Lauren Simonetti analyze Thursday’s opening bell as the market reacts to inflation data hovering near 40-year highs.
GameStop and AMC Entertainment Holdings are rallying during Thursday's volatile trading session.
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The video game giant, which has surged more than 30%, has been halted for volatility at least four times since the market open. Meanwhile, the movie theater chain has jumped more than 20% during the session.
|AMC||AMC ENTERTAINMENT HOLDINGS INC||11.20||+0.83||+8.00%|
Despite the big moves, GameStop remains well off its $483 per share intraday high hit in January during the height of the meme stock trading frenzy. GameStop, which traded as high as $108.06 per share on Thursday, is down approximately 36% year to date.
As for AMC, the stock is currently trading at about $12 per share, off its 52-week intraday high of $72.62 hit last June. AMC is down approximately 55% year to date.