Get All Access for $5/mo

AMC Continues to Ride Social Media Hype as Share Prices Skyrocket to 50% Increase The hashtags #AMCSqueeze and #AMCtothemoon have been trending heavily the past week on Twitter.

By Emily Rella Edited by Jessica Thomas

Opinions expressed by Entrepreneur contributors are their own.

Kevin Winter | Getty Images

The power that social media has over the stock market can be astonishing at times, with viral jokes to boost cheap shares seeing tangible results in the market.

One company seeing an astonishing boost from Reddit and Twitter is AMC, whose stock has increased 563% since the beginning of 2021.

The hashtags #AMCSqueeze and #AMCtothemoon have been trending heavily the past week on Twitter, their purpose being to generate as many small stock buyers as possible to force out big-time investors.

A popular Reddit group of investors who call themselves the "apes" have also been generating buzz on the r/wallstreetbets subreddit by buying up as many short shares as they can and urging shareholders not to panic-sell as the stock prices head towards record highs — the highest of which was earlier this year when AMC hit $20 a share.

Related: 5 Robinhood Stocks To Watch Right Now

The social media craze has become so powerful for the brand that AMC Entertainment CEO Adam Aron even returned to Twitter himself, tweeting out memes that his supporters have made of him or praise to his shareholders:

"We work for them. I work for them," Aron said of AMC's shareholders on an earnings call.

The entertainment company's share price has skyrocketed over 50 percent in the past two weeks, with the valuation most recently hitting $14 per share.

Of course, this rise can be partially attributed to the loosening pandemic restrictions, which will allow more movie theaters to reopen and more people buying tickets to attend shows.

But Wall Street experts aren't predicting long-term success for shareholders.

Related: AMC Shares Pop Nearly 24% As More Cash Flows In

In an earnings call in early May, AMC cited around $575 million in losses for Q1, which is expected to continue as the year goes on.

Top analysts believe that the company "won't return to profitability until 2024 at the earliest," CBS News reported.

Either way, it looks like the apes aren't going down without a fight.

Related: 'Godzilla vs. Kong' Destroys Box Office, Signals Return of Movie Theater Business

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

Marketing

He Pitched His First Business at 12 and Sold a Company for 8 Figures When He Was 23. Here's This Gen Z Marketing Expert's Next Big Move.

Griffin Haddrill built a marketing empire working with artists like Justin Bieber and Lil Nas X. Learn how he tapped into Gen Z's digital culture and turned viral campaigns into a business model.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.