Here's Some Good News for AMC Shareholders
AMC Entertainment Group (NYSE: AMC) has some pretty optimistic shareholders. They have helped increase AMC's stock price by 1,800% in 2021. That's despite little justification for the increase when looking solely at the company's fundamental business metrics.
That being said, some good news came for AMC shareholders recently: management paid off some very high interest-bearing debt, which will reduce AMC's annual expenses by millions.
AMC stock is up over 1,800% this year. Image source: Getty Images.
Source Fool.com