Why AMC Stock Is Up and Down Today
Shares of AMC Entertainment Holdings (NYSE: AMC) are battling to break even Thursday morning at 11:19 a.m. ET as the movie theater operator opened 2% higher, dropped 4.5%, rallied to almost break-even, and then turned south again.
As of now, AMC's stock is down less than 1%.
There's no specific news today to cause the gyrations, but yesterday AMC announced it had repurchased $72.5 million of debt at a 31% discount. That helped the theater owner's stock jump 7% yesterday.
Source Fool.com
