AMC shares, up nearly 3,000% this year, may be this summer’s blockbuster stock. But beware plot twists.

Movie patrons arrive to see a film March 15, 2021, at the AMC 16 theater in Burbank, California. AMC is looking to sell up to 11.5 million of its shares, as the movie theater operator looks to capitalize on its meme stock popularity. The announcement in a regulatory filing on June 3 comes just two days after the company said it was raising $230.5 million through an 8.5 million share sale. (Mark J. Terrill/AP)