AMC stock soars, but recovers only one-third of what it lost the day before

Shares of AMC Entertainment Holdings Inc.
AMC,
+53.65%
soared 44.8% in morning trading Friday, after the online trading platform Robinhood said it would allow “limited buys,” but they have recovered only about one-third of what they lost in the previous session. The stock had tumbled $11.27, or 56.6%, to close Thursday at $8.63, after Robinhood and other trading platforms restricted trading in recently extremely volatile securities. With the stock up $3.87 on Friday to $12.54, the stock has retraced 34.3% of what it lost on Thursday. Meanwhile, GameStop Corp.’s stock
GME,
+67.87%
jumped $125.04, or 64.6%, on Friday, to retrace 81.2% of what it lost on Thursday. The big bounces in these stocks comes as the S&P 500
SPX,
-1.93%
dropped 0.7%.