AMC Stock Surges, Defying Skeptics and Building Momentum
TL;DR Summary
AMC Entertainment Holdings Inc. stock is up 5.4% and on track for its longest win streak in almost four weeks. The movie theater chain, known as a meme stock, is set to release its third-quarter results on Wednesday. Analysts expect sales of $1.26 billion and a loss of 25 cents per share. AMC's stock has declined by 68.6% in 2023, while rival Cinemark Holdings Inc. reported better-than-expected Q3 results last week.
Topics:business#amc-entertainment-holdings-inc#earnings-report#finance#meme-stocks#movie-theater-industry#stock-market
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