Why Is Everyone Talking About AMC Stock?
AMC Entertainment Group (NYSE: AMC) is capturing people's attention again, but for a different reason than it did most recently.
The company has been on people's minds and lips for the part it played in the meme-stock frenzy of 2021, when retail traders grouped on social media forums and encouraged each other to buy and hold the stock. As a result, the price of AMC skyrocketed by more than 2,000% at one point before giving up most of those gains later.
Of course, the company was devastated when it had to close its theaters to visitors at the pandemic's onset. Fortunately for shareholders, business is bouncing back. Management announced that July 7 through July 10 was its busiest weekend of 2022 and better than the comparable weekend before the outbreak in 2019.
Source Fool.com
