Why AMC Entertainment Shares Hurdled 10% Higher Today
Shares of AMC Entertainment Holdings (NYSE: AMC) are off to the races again, jumping 10% in morning trading Monday as investors try to ignite excitement in the stock, as occurred back in January.
Shares of GameStop, which was at the heart of the short-squeeze frenzy a month ago, started spiking again last week and have more than doubled in value. AMC investors, who may be trying to replicate those gains, have at least a little more to hang their hats on.
Last week, the company announced it was reopening theaters in New York after the state lifted its ban, and there will be a full slate of movies coming to the theater chain this year to hopefully bring customers back to the cinema.
Source Fool.com
