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

After climbing 8.4% Tuesday, Paramount Skydance shares were up 32% to $14.49 in trading Wednesday. That’s the best two-day stretch on record dating back to Paramount’s initial public offering in 1990, according to Dow Jones Market Data. The company was a recent Barron’s stock pick.

Wall Street investors in aggregate are optimistic and expect a better turnaround for Paramount under David Ellison's leadership, who battled lawsuits and struggled for almost a year convincing regulators to approve the merger transaction while simultaneously negotiating profitable content deals for its streaming platform.