Paramount Skydance, over its first full week on the stock market under new owners, saw its stock jump 30% — and boomed as much as 60% in intraday trading Wednesday. But what triggered the investor enthusiasm wasn’t totally clear.

Paramount Skydance emerged as a potential meme stock on Wednesday, with the shares soaring 60% during the session.

The new owners of the venerable studio, now trading as PSKY, have seen a stock rally of 30 percent over two days.