Why AMC Entertainment Stock Popped (Again) Before Earnings
Movie theater chain owner and certified meme stock AMC Entertainment (NYSE: AMC) reports its Q4 earnings this evening. Analysts aren't optimistic (indeed, as you'll see, some are decidedly pessimistic) about its chances, forecasting a $3.61-per-share loss for the quarter on an 89% revenue decline -- but investors don't care.
They're bidding AMC shares up, and the stock has already risen 15.2% through 10:20 a.m. EST.
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Source Fool.com
