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%.

Yes, dear investor, you guessed it: Reddit is in effect again.

There's no particular substantive news that could explain Torchlight's astounding 44% rally in the first 90 minutes of trading today. However, according to meme-stock tracker Stocktwits, this Plano, Texas-based penny stock producer of oil and gas, which booked sales of only $111,000 over the past year -- probably less than your local Exxon station sold in gasoline -- was the third-most-mentioned stock on its discussion boards yesterday, and that enthusiasm among Robinhood stock traders appears to be still driving gains today.  

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