Why Is Everyone Talking About AMC Stock?
AMC Entertainment Holdings (NYSE: AMC) may be an even bigger star these days than those gracing the screens in its theaters. At least with investors. A group of Reddit investors pushed AMC into the spotlight earlier this year when they started a movement to buy the stock. As a result, the shares soared more than 2,500% in the first half.
Those holding short positions in AMC weren't (and still aren't) happy. A massive gain means they lose their bet. For AMC and its shareholders, however, the Reddit trend has equaled survival. Support from retail investors allowed AMC to issue new shares and raise much-needed cash. But the AMC story isn't over. In fact, the company added a new chapter in recent days with a decision that pleased many of its shareholders...
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Source Fool.com
