Why AMC and Torchlight Energy Stocks Popped Today -- but Petco Stock Dropped

Why AMC and Torchlight Energy Stocks Popped Today -- but Petco Stock Dropped

Shares of AMC Entertainment (NYSE: AMC) and especially Torchlight Energy (NASDAQ: TRCH) are going "to the moon" today, having risen 11% and 44% (!) respectively in 11 a.m. EDT trading. In contrast, it looks as if Petco Health and Wellness (NASDAQ: WOOF) stock is in the doghouse -- down 8.4%. There's no particular substantive news that could explain Torchlight's astounding 44% rally in the first 90 minutes of trading today.