Who knows man.So.. is it too late is the question
Basically what’s going on here is lots of people shorted this stock (bet that the price would drop) because the company is in trouble. From what I’ve read, a large group with a huge following on Reddit got a lot of people to buy the stock. This drives the price up and the people that shorted it say oh shit! They have to buy the stock to “cover” their short position at a loss. I suspect this stock also had a low float (low volume of available share).
WSB plans on it getting to $1000. Next one to buy is AMC.