In the absence of market-moving news, the move is again being attributed to activity on Reddit’s WallStreetBets forum.
Other meme stocks that were swept up in a trading frenzy in January were also active.
Year-to-date, GameStop has gained 477%, while AMC is up 291%, after investors on that Reddit forum sought to create a short squeeze in both stocks in January
The unusual moves led to a congressional committee hearing last week at which executives from Reddit, the trading app Robinhood, Citadel and Melvin Capital answered questions, alongside individual investor Keith Gill - aka 'Roaring Kitty