Business
AMC embraces its meme stock status, shares jump by 96 per cent – The Sydney Morning Herald
AMC shares jump by 95 per cent as it embraces the horde of fanatical investors who helped shock its price back to life with a new program.
After its movie theatres were shut and its stock was nearly left for dead because of the pandemic, AMC Entertainment is embracing the horde of fanatical investors who helped shock its shares back to life as part of this years meme stock buying spree.
The company said on Wednesday (US time) its launching a program called AMC Investor Connect to keep in direct contact with those 3.2 million investors. Many bought AMC stock early this year, even when professional investors were running away, and helped…
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