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AMC Entertainment Stock Frenzy: Everything You Must Know
Over the last week, a popular movie theater chain made a lot of people money.
With over 1,000 theaters worldwide, AMC Entertainment is one of the largest theater companies in the world.
Nothing compares to seeing a blockbuster at the movies, however, since the virus struck it threatened these major theater operations.
AMC barely made it through all the state closures but had to get creative to offer solutions to stay afloat.
Since its the leasing theater company and with many other smaller theaters closing their doors for good, AMC gained market share.
Many continue to argue that with health recovery showing good signs of progress, the theater will reopen and AMC will capture a huge amount of sales.
AMC however has ramped up a huge amount of debt during its closures, and even their own executives spoke out about how they weren’t sure about how long they could last.
Since streaming platforms like Youtube, Netflix, and Disney+, watching movies has changed from when I was growing up.
So how are people profiting off the AMC stock?
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