Amc articles
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AMC (AMC) Looks to Cash In on Retail Traders Driving Shares Higher
Retail traders flocking to AMC Entertainment Holdings Inc. in hopes of burning short sellers may also be helping the company shore up its finances.
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As meme stocks soar for AMC, here's what it means for companies
Meme stocks are back. One day after an account associated with the phenomenon posted for the first time in years on the X social media platform, shares in companies that have been linked to speculative trading activity are soaring in value. Leading the way is video game retailer GameStop, whose shares soared 74% in Monday trading to about $30 and were up another 93% in Tuesday morning trading before the opening bell. Other stocks rallying at eye-watering rates include AMC Entertainment...
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Meme-Mania Redux Showcases Fundamentals of AMC, GameStop
Cash-strapped AMC Entertainment Holdings Inc. took advantage of the frenzy in the shares to complete an at-the-money offering, while GameStop Corp.'s reserves are large enough that it hasn't had to tap into investors' enthusiasm to sell new stock, Bloomberg's Bailey Lipschultz tells Katie Greifeld on "Bloomberg Markets." (Source: Bloomberg)