AMC Stock Is Up 3,100%. Should You Buy or Sell?
In a market like this, popcorn can become a Buy signal.Shares of
AMC Entertainment Holdings
jumped more than 95% to an all-time high of $62.55 this past Wednesday after the movie-theater chain announced a new rewards program for shareholders that includes a free large popcorn. The next day, a plan to sell 11.55 million shares (which eventually sold at an average price of $50.85) sent AMC (ticker: AMC) tumbling. Even with Thursdays decline, the stock has soared 297% over the past nine trading…
