Why AMC Entertainment Stock Is Rising Yet Again today

Shares of AMC Entertainment (NYSE: AMC) were 3.4% higher at 11:24 a.m. ET on Wednesday after the movie theater operator filed a statement with the Securities and Exchange Commission that it now owns a 6.8% stake in National CineMedia (NASDAQ: NCMI), which runs advertisements on movie theater screens.CEO Adam Aron has said he would be making more investments using the $1.8 billion in liquidity AMC has available, and a purchase like this is probably what most people had in mind. The theater operator caught people by surprise when it previously announced it was taking a stake in defunct gold and silver miner Hycroft Mining. Image source: Getty Images.Continue reading
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