AMC madness continues: its value soars 116% in just five days
The rally that AMC Entertainment is experiencing is very reminiscent of the one experienced just a few months ago. It has already accumulated four days of growth in its value in the markets and has risen 116%.
On Monday, the price of its shares stood at $12.2, while on Friday it was very close to $26 at the close of the market.
The chain of cinemas and theaters and series producer reported just a week ago that its largest shareholder, the Dalian Wanda Group, had sold practically all of its positions and was therefore leaving the company and its shareholders’ meeting. Since then, its value has skyrocketed.
Now it seems that they have returned and it could already be seen on Wednesday’s session, where the two mentioned companies, in addition to Blackberry, soared on the stock market.