On May 13, AMC stock jumped 78% in a single session. Shares roared another 32% the next day and hit as high as 11.88. Gamestop shares quickly moved in hyper-kinetic form, to say the least, as this new IBD story highlights.
Despite an 84% drop in adjusted EBITDA, AMC strengthens its market position with increased revenue per patron and strategic debt refinancing.
Recently, Zacks.com users have been paying close attention to AMC Entertainment (AMC). This makes it worthwhile to examine what the stock has in store.