raise $917 million just to survive the COVID-19 “winter,” as the company put it. That 13x increase on the year has accelerated in recent days, too, with AMC’s share price jumping 111% since the market closed last Thursday.
AMC now has a market cap of $11.9 billion. Here’s a look at AMC’s last week, via Google:Of course, AMC, alongside GameStop, has become one of the faces of Reddit’s WallStreetBets forum this year.
The forum, where 10.2 million Reddit investors trade market advice (and verbal jabs), has seen many of its members throw their support behind AMC this year as they bet on a big comeback for the movie industry.
Read more on thewrap.com
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