Why AMC Entertainment Stock Rose Today
Theater operator AMC Entertainment (NYSE: AMC) has had a volatile couple of months. The business itself has been raising money to weather what the company hopes is the last leg toward returning theaters to normal operations. The stock has also fluctuated wildly as a favorite among Reddit WallStreetBets users.
Today, shares are up 9.7% as of 11:15 a.m. EST.
Trading volatility has shown up in the stock's 30-day average daily trading volume, which has soared more than 600% since the start of 2021. And the buyers have been moving the share price higher recently -- up 40% in just the past five trading days. That period included the company's fourth-quarter and full-year 2020 earnings report and business update.
Source Fool.com
