Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why AMC Stock Soared Today

TheMotleyFool

0 0

Shares of AMC Entertainment (NYSE: AMC) surged on Monday after the country's largest movie theatre company said it raised $917 million in equity and debt capital. As of 2:45 p.m. EST, AMC's stock price was up 30%.

AMC's newfound cash includes $506 million from share sales and $411 million from new debt. Management believes these moves will enable AMC to "make it through this dark coronavirus-impacted winter." "Today, the sun is shining on AMC," AMC CEO Adam Aron said in a press release.

AMC Entertainment's shares rallied after shareholders received some hopeful news on Monday. Image source: Getty Images.

Source Fool.com

Like: 0

AMC

Share