Why AMC Shares Are Popping Off
AMC Entertainment Holdings Inc shares are trading higher by 15.5% at $23.38 after the company's CEO Adam Aron discussed potential future investments to capitalize on the interest of retail investors.
Per a report by Reuters, Aron stated: "I'd like to think there will be more third-party external M&A announcements going forward...
...where AMC can reach for the stars and intriguing investments that have potentially attractive returns".
"Transformational M&A is mandatory. Our shareholder base has given us capital to deploy with the clear expectation that we are...
...going to do exciting things with the money they entrusted to us," Aron told Reuters.
AMC has a 52-week high of $72.62 and a 52-week low of $8.31.
For More Updates Click Below