 "Free tickets and popcorn as AMC jumps 1,400% in meme stock rally’")
AMC Entertainment Holdings Inc is really leaning into this whole meme-stock phenomenon.
On Wednesday, the movie-theater chain announced that it would reward small-time investors, who have been instrumental in AMC’s wild, logic-defying 1,400 per cent share rally this year, with goodies, such as special screenings, free tickets, and free popcorn. It comes a day after AMC took advantage of those meteoric gains to raise $230 million directly from one of its main creditors, Mudrick Capital Management, and shore up its finances.
While Mudrick quickly dumped its entire stake for a tidy profit and called the company massively overvalued,
On Wednesday, the movie-theater chain announced that it would reward small-time investors, who have been instrumental in AMC’s wild, logic-defying 1,400 per cent share rally this year, with goodies, such as special screenings, free tickets, and free popcorn. It comes a day after AMC took advantage of those meteoric gains to raise $230 million directly from one of its main creditors, Mudrick Capital Management, and shore up its finances.
While Mudrick quickly dumped its entire stake for a tidy profit and called the company massively overvalued,
