homeWelcome, sign in or click here to subscribe.login
     


 

 

Money


Subscriber content preview

June 7, 2021

The summer blockbuster is AMC stock; beware of plot twists

  • Industry analysts have yet to fully explain the extreme enthusiasm for its stock driven by large numbers of online traders.
  • By MICHELLE CHAPMAN
    AP Business Writer

    AMC may sell up to 11.6 million of its shares with a trading phenomenon pushing stock in the movie theater chain up almost 3,000% this year, and 140% just last week.

    AMC is emerging from pandemic lockdowns that threatened the very existence of the company and industry analysts have yet to fully explain the extreme enthusiasm for its stock driven by large numbers of online traders that seem to have disregarded the rough path the company faces in its recovery.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.