AMC experienced a skyrocketing surge in its stock prices that started on Monday and carried through Tuesday. AMC stock went up 117% on March 29 from its lowest stock price of $13.56 on March 14. AMC stock price today is at $29.44.

Recently, the stock market has been characterized by a high level of volatility which has manifested itself in some significant swings in the first months of 2022.

Stocks have rebounded dramatically in recent weeks following a plunge that sent the Nasdaq Composite into bear market territory earlier this year. In the midst of a broader comeback rally on the NYSE, stocks have continued their surges this month.

The stock of AMC had lost its upward momentum over the previous several months, losing a significant amount of value and following in the footsteps of other companies with aggressive growth strategies.

Despite the fact that AMC Entertainment Holdings has gained popularity as a meme stock, the company managed to deliver a significant gain to shareholders on Monday, following news of a shift in strategy for the company.

AMC Stock Surge

AMC's massive gains on Monday come from the company's CEO Adam Aron who told reporters that he expects transformational deals and changes in the company in the near future.

FXStreet reported that AMC's Adam Aron stated, "I'd like to think there will be more third-party external M&A announcements going forward where AMC can reach for the stars and intriguing investments that have potentially attractive returns."

AMC made its first foray into the gold mining industry with a minor investment in Nevada miner Hycroft Mining completed just two weeks ago. This company, formerly a small-time gold miner with financial troubles, made history last week when it was able to raise $139 million through a share placement.

Following the success of the Hycroft Mining (HYMC) transaction, AMC CEO Adam Aron stated on Twitter over the weekend that additional deals in the meme stock area are on the way.

AMC CEO Adam Aron posted on Twitter saying: "I was highly confident that AMC's skills could quickly "right the ship" at Hycroft (HYMC). We just did! Eric Sprott and AMC invested $56 million. Now we raised a breathtaking $139 million more cash equity! $195 million in total! In only two weeks! Calm seas, smooth sailing ahead."

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What's Next for AMC: AMC Gold Mine

AMC was reportedly investing $28 million in a gold and silver mine in order to acquire a 22% stake.

AMC CEO, Adam Aron, has stated that this is only the first in a series of acquisitions that will take place outside of the company's core movie theater industry as the company looks to put its $1.6 billion cash hoard to use.

The small investment was insignificant in comparison to the rest of AMC's operations, but it nonetheless signaled a move toward diversification that appeared to be well received by shareholders.

As a result, Aron expressed his optimism that the deal with Hycroft will not be the company's final transaction of 2018. Individual investors may well be interested in seeing AMC transform its business through mergers and acquisitions, according to Aron's analysis.

AMC Stock as an Investment

Meme stocks AMC (AMC) and GameStop (GME) are like lottery tickets, according to American investor and fund manager Bill Gross in his interview with Yahoo Finance Presents.

"If you can sell options that are out of the money levels, then ultimately these lottery ticket companies which have very little behind them, in my opinion, will go down," added the PIMCO co-founder

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