Shares of retail favorite AMC nearly double, company woos investors with free popcorn netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The moonshot surge in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies.The company has gone from a small cap to a large cap in the space of a few months. A 95% gain amid a retail-trading frenzy on Wednesday left the movie-theater chain with a market capitalization of $31.3 billion. That makes it more valuable than half of the companies in the S&P 500 Index.AMC is now worth more than Tyson Foods Inc. and Delt
Clover Health Investments Corp (NASDAQ: CLOV) spiked more than 13% on Wednesday in the regular session.
What Happened: Clover Health stock shot up on a day .
BlackBerry Limited (NYSE: BB) continues to see increased interest from retail investors and has now overtaken AMC Entertainment Holdings Inc. (NYSE: AMC) to .
Analysis-With popcorn and tweets, AMC s Aron rides retail investor wave
By David Randall and Sinéad Carew
Reuters
NEW YORK (Reuters) - Free popcorn for shareholders. Following more than 500 die-hard fans of his company s stock on Twitter. Retweeting a video of what appears to be an airplane flying a banner with the meme-stock rallying cry AMC to the Moon around Manhattan.
Welcome to the world of AMC Entertainment Holdings Inc Chief Executive Adam Aron, who since the beginning of the year has taken to new heights the role of chief promoter of a company that was on the brink of bankruptcy.