Why AMC Entertainment Stock Jumped 18% Today
Shares of movie theater operator AMC Entertainment (NYSE: AMC) were up 11% as of noon EDT today, after increasing as much as 18% on the day. The jump is in contrast to the stock's performance earlier this week. Shares are still down almost 20% in the last five days, including today's jump.
It was reported by Bloomberg earlier this week that AMC is considering options to manage its rising debt load, including filing for bankruptcy protection, as theaters either remain closed or at restricted capacity, or lack content as movie releases are delayed.
Source Fool.com
