AMC shares chop around but set for massive weekly advance


FILE PHOTO: An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri

(Reuters) -Shares of AMC Entertainment switched between gains and losses after hitting a record high in volatile trading on Friday, putting the movie theater chain on track for a weekly gain of more than 100%.

AMC's shares were last up 5.4% at $27.94 after earlier hitting a high of $36.72, and on track for their biggest weekly gains since late January. The stock's low for the session so far was $24.17.

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