Why AMC Stock Jumped Today -- And Then Skyrocketed After Hours
Shares of AMC Entertainment (NYSE: AMC) climbed 12.2% during regular market hours on Tuesday before soaring an additional 50% in after-hours trading.
AMC's gains came after the movie theater chain -- which has struggled with coronavirus-related closures and sagging attendance during the pandemic -- said on Monday it had raised a total of $917 million in financing. CEO Adam Aron said the cash would allow AMC to fund its operations "deep into 2021."
AMC Entertainment's recent gains accelerated late on Tuesday. Image source: Getty Images.
Source Fool.com
