Why AMC Entertainment Stock Started the Week Higher
AMC Entertainment Holdings (NYSE: AMC) CEO Adam Aron has been ramping up his engagement with WallStreetBets retail traders. The stock had at times more than doubled last week, and it is picking up where it left off today. As of 10:15 a.m. EDT Monday, AMC shares were more than 17% higher.
After raising nearly $1 billion in capital, Aron said in January, "This means that any talk of an imminent bankruptcy for AMC is completely off the table." But he didn't stop at fending off bankruptcy.
Image source: Getty Images.
Source Fool.com
