Surging AMC shares poised to end week up more than 150%

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By Aaron Saldanha and Sinéad Carew
(Reuters) -Shares of AMC Entertainment hit record highs before paring gains on Friday, putting the movie theater chain on track for a 156% weekly gain.
AMC's shares were last up 16.4% at $30.87 after earlier hitting a high of $36.72, and on track for their biggest weekly gains since late January.
Shares in GameStop were down 2.4% on Friday. Shares of the videogame retailer, which has been at the heart of the so-called "stonks" retail trading mania this year, were still set for its best weekly gain since mid-March, up about 40% so far.
Retail traders' shift into so-called meme stocks - shares favored by the denizens of online communities - comes on the back of a selloff in Bitcoin and other cryptocurrencies whose prices have slumped ...


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