AMC Entertainment Revenue Explodes, but Not Enough to Stem Losses on the Bottom Line
AMC Entertainment Holdings (NYSE: AMC) is perhaps best known for its part in the meme-stock frenzy of 2021. This was when a select few stocks gained the interest of retail traders who got together on social media sites and encouraged each other to buy and hold shares. As a result, the chosen stocks, including AMC, skyrocketed in price.
Nevertheless, AMC benefited from their support, and is now back on a firmer footing after being devastated by pandemic-induced shutdowns of all its theaters.
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Source Fool.com