Here's Why the AMC Entertainment Stock Frenzy Continued Today
The mania associated with AMC Entertainment Holdings (NYSE: AMC) stock continued Wednesday, as CEO Adam Aron seems to have embraced the opportunity to utilize the trader community to help the business. Shares jumped again today, trading up more than 28% as of 10 a.m. EDT.
Now that AMC's former owner and largest shareholder, China-based Wanda Group, has virtually exited its stake in the theater operator, the new shareholder base driving the stock frenzy comprises retail investors and traders. AMC CEO Adam Aron is now embracing the opportunity to grow the business with the help of this retail crowd. Today, the company announced a new initiative to specifically engage with retail shareholders with the launch of AMC Investor Connect.
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Source Fool.com
