"AMC Stock Rebounds with Biggest Gain in Over a Month, Defying Record Lows"

1 min read
Source: MarketWatch
"AMC Stock Rebounds with Biggest Gain in Over a Month, Defying Record Lows"
Photo: MarketWatch
TL;DR Summary

AMC's stock ended a six-day losing streak with a 7.8% gain, marking its largest single-day percentage increase since December 2023. The company, which became a meme-stock phenomenon in 2021, has been working to reduce its debt burden and recently completed an at-the-market equity offering to repurchase debt and lower liabilities. AMC CEO Adam Aron celebrated the company's resilience and innovation, while the stock has fallen 90.9% in the last 52 weeks.

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