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Why AMC Networks Stock Gained 19% in May

TheMotleyFool

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Why AMC Networks Stock Gained 19% in May

Shares of AMC Networks (NASDAQ: AMCX) were moving higher last month after the cable network operator posted a better-than-expected earnings report and rose on a rumor that Amazon could be interested in acquiring it. A broader rebound in the market and optimism about the economic recovery also seemed to lift the stock.

According to data from S&P Global Market Intelligence, the stock finished the month up 19%. The chart below shows how the stock moved higher.