Going to the movies is fun and exciting again. But can it compare to the mind-blowing performance of AMC Entertainment (AMC)? Starting 2021 at 2 per share, AMC stock soared more than 36 times to an all-time high of 72.62 on June 2 of that year.

Then came 2022, a brutal year for meme stocks. AMC stock started the year at 27.20 and ended it at 4.07, losing 85%. Since then, AMC’s stock market drama has continued.

The current year has started out much better for AMC. But after more than doubling from 4.07 at year-end during the first two months of 2023, shares fell again after the company announced March 14 that 87% of voting shareholders approved a plan to conduct a 1-to-10 reverse stock split.

There are 517.6 million shares of AMC stock outstanding.

The stock has rallied strongly again in the past two weeks. On May 4, AMC reached its highest closing level since March 7. Thus, at one point, its year-to-date gain increased to 44%, up from the 7.7% gain of the S&P 500 since it started at 3,839.50 on Jan. 1.