(Bloomberg)– AMC Entertainment Holdings Inc. rose for a second day and Wendys Co., the current addition to the retail-trader frenzy, reached a record in the middle of a more comprehensive rally in meme stocks.Shares of the theater chain rose as much as 10%, contributing to Mondays 15% gain and continuing whats been a wild ride for investors. Wendys jumped as much as 19% to notch a record as the snack bar operator gained traction on social media, including a number of promotes on Reddits WallStreetBets forum. So-called meme stocks broadly acquired Monday.Clover Health Investments Corp. also rallied as it was amongst the most pointed out companies in Stocktwits over the last day. The Chamath Palihapitiya-backed health insurance company surged as much as 59%, the most ever, after Mondays 32% advance. Clover Health short interest as a percentage of float is about 42%, data from financial analytics firm S3 Partners show.”The power of the network effect of social media attracts more people to get included, so then they begin expanding their horizons, trying to find other names that have high brief interest and things like that,” stated Michael ORourke, chief market strategist at JonesTrading.GameStop Corp., the initial icon among retail traders, rose as much as 21% to the highest in nearly three months ahead of quarterly incomes outcomes, which are expected Wednesday.MKM Partners analyst Eric Handler stated in a note Tuesday that AMC must concentrate on debt reduction with its recently raised capital rather than acquisitions. He ranks the stock sell with a $1 rate target.”Management has actually been gifted an unanticipated opportunity from the current wave of (fanatical) retail investor momentum, which has pushed the shares far above historic valuation levels,” Handler wrote.AMC company experts have continued to take benefit of the stocks run-up in rate. Board member Howard Koch Jr. divested more than $790,000 of shares on Monday, according to a filing with the U.S. Securities & & Exchange Commission. Last week, AMC executives and directors sold $8 million in shares.Story continuesSeveral other meme stocks increased Tuesday. Virgin Galactic Holdings Inc. acquired as much as 9.4%, Naked Brand Group Ltd. rose 8% and BlackBerry Ltd.s U.S.-listed shares advanced 7%.(Updates share moves throughout; adds strategist remarks in fourth paragraph and GameStop results details in 5th.)More stories like this are offered on bloomberg.comSubscribe now to remain ahead with the most relied on service news source. © 2021 Bloomberg L.P.