Why AMC Entertainment Stock Jumped Again Friday
A day after AMC Entertainment Holdings (NYSE: AMC) stock soared 24%, investors are bidding shares up again on Friday. Shares initially jumped more than 8% today before paring some of those gains. As of 9:45 a.m. EDT, shares were up almost 3%.
Yesterday's jump came after the company announced it raised $428 million in a new share offering. But other news later in the day also has enthusiasm in the stock flowing into Friday.
First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.
Source Fool.com
