Why AMC Entertainment Stock Jumped on Wednesday
Shares of movie-theater business AMC Entertainment (NYSE: AMC) jumped on Wednesday, even as the market declined. The entertainment company's stock rose about 10.6% by the time the market closed. Yet the S&P 500 fell 2.2%.
AMC stock's rise comes even as an analyst lowered his price target for the stock. Bullishness for the company's shares on Wednesday may simply be due to the analyst noting that AMC has a chance of not going bankrupt.
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Source Fool.com
