AMC Stock Jumped 20% — and the Meme Stocks Are Back

AMC Entertainment Holdings soared nearly 20% on Tuesday. The massive jump came even after an analyst at Citi Research argued the stock is overvalued.

Citi Research analyst Jason Bazinet maintained a Sell rating on AMC shares (ticker: AMC) but upped his price target to $3.70 from $2 in a note Monday evening.

He said the price target reflects...