Why AMC Stock Soared Today

Why AMC Stock Soared Today

Shares of AMC Entertainment (NYSE: AMC) surged on Monday after the country's largest movie theatre company said it raised $917 million in equity and debt capital. As of 2:45 p.m. EST, AMC's stock price was up 30%. Management believes these moves will enable AMC to "make it through this dark coronavirus-impacted winter."