AMC's Latest Move Is Pure Hollywood
More investors than ever have gravitated to the stock market, as the rise of meme stocks like AMC Entertainment Holdings (NYSE: AMC) has driven a lot of interest from ordinary people without much experience in investing. That has changed the investment landscape over the past couple of years, and it's provided a welcome diversion from the ups and downs of the broader market. That turbulence was a bit calmer on Tuesday morning, as investors continued to digest all the things happening across the globe. As of 8:30 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 71 points to 33,015. S&P 500 (SNPINDEX: ^GSPC) futures had gained 13 points to 4,185, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had risen 76 points to 13,122.
Companies often have to make smart strategic moves in order to survive tough times. Yet the big question with a bold announcement is whether a move is truly smart. AMC definitely made an interesting decision Tuesday morning, but the jury's still out as to whether it'll prove to be a good one.
Image source: Getty Images.
Source Fool.com
