Continued its rally on Tuesday after announcing that it had sold 8.5 million shares at a premium to New York hedge fund Madrick Capital Management LP and raised $ 230.5 million. Popular with retail investors on social media platforms such as Reddit, the stock surged 19% to $ 31.12 on Tuesday afternoon. This rise adds to AMC’s 116% rise last week, boosting year-to-date profits to more than 1,300%. The company’s recent stock performance has re-emphasized the power of individual investors in the market and its ability to transform companies like AMC.
In this article
No tags related to this article.