AMC, Bed Bath & Beyond stocks get a big lift as ‘meme’ peer GameStop shares soar

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.