Shares of AMC Entertainment Holdings Inc. AMC, +3.28% and Bed Bath & Beyond Inc. BBBY, +0.98% soared in premarket trading Wednesday, as fellow “meme” stock GameStop Corp. GME, +4.62% skyrocketed after the consumer electronics and video games seller reported a surprise fiscal fourth-quarter profit. Bed Bath’s stock shot up 11.4%, after bouncing 1.0% Tuesday off Monday’s record-low close of 81 cents, but was still headed for a sub-$1 open. AMC’s stock climbed 10.2%, after having tumbled 38.2% month to date through Tuesday. And AMC’s preferred equity units APE, +8.82%, known as APEs, jumped 10.8% ahead of the open, after they rallied 13.8% over the past two sessions, but were still down 28.5% month to date through Tuesday. Meanwhile, GameStop shares ran up 42.8% premarket, putting them on track to open at a 3 1/2-month high.
This article was originally published by Marketwatch.com. Read the original article here.