AMC Shares Pop Nearly 24% As More Cash Flows In

The movie theater chain is on the comeback trail.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!

May 14, 2021 2 min read

Opinions expressed by Entrepreneur contributors are their own.

AMC Entertainment Holdings stock jumped to $12.77 on Thursday after announcing it raised over $400 million through a 43 million share at-the-market equity offering, reports Barron’s. Individual investors on Reddit and social media chatted up the #AMCSqueeze hashtag all day.    

CEO Adam Aron talked up AMC’s hype on Reddit’s WallStreetBets forum. The online trading discussion group made headlines last January

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

This Versatile Bag is Made for All Summer Travel

From business trips to camping trips, the Rolo Roll-Up has you covered. Grow Your Business, Not Your Inbox Stay informed...

The housing market is on fire. The Fed keeps adding gasoline

Despite surging home prices that are rising at the fastest pace on record, the Federal Reserve continues to prop up the housing market by...

Whicker: To make a memory, Clippers dissolve a 2015 nightmare

What goes around comes around, even if it takes a six-year orbit, even if most of us thought there would be an NFL team...