Amc Opens At All-time High, As Investors Shrug Off Hedge Fund's Stock Sale

by cnbc.com posted 1week ago 8 views
Shares of AMC Entertainment opened at an all-time high on Wednesday. : Shares of AMC Entertainment opened at an all-time high Wednesday after shrugging off a report that a hedge fund had sold its stake in the movie theater company. The stock opened at $37.52, jumping nearly 20%. The previous intraday high was $36.72, which occured on May 28. The current closing record is $35.86 on March 23, 2015, according to data from FactSet. Shares were trading at a brisk pace. Only minutes after the market's open Wednesday, AMC had already traded nearly 25 million shares.

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