AMC "meme" stock jumps after theater chain raises $230 million

The movie theater chain AMC is raising $230.5 million through an 8.5 million share sale to Mudrick Capital Management, cashing in on the "meme stock" frenzy that has sent its stock price up more than 1,300% this year.

Business for theaters and other beleaguered industries like restaurants and concert venues are primed to explode in the next few months with the massive U.S. vaccination effort ongoing.  John Krasinski's thriller sequel "A Quiet Place Part II" opened over the Memorial Day weekend to a pandemic-best of $48.4 million, according to studio estimates Sunday.