- Benzinga
AMC Stock Skyrockets In First Major Rally Since CEO's $3 Billion Acquisition Spree
AMC Entertainment Holdings Inc.'s (NYSE:AMC) stock surged this week for the first time since retail investors rallied around the movie theater chain in 2015 when Adam Aron took over as CEO and made three major acquisitions that collectively cost about $3 billion. AMC acquired theater chains Carmike, Odeon and Nordice, significantly expanding AMC's theater network but also increasing its debt load. The windfall — AMC's stock price soared by 121% in premarket trading on Tuesday — could allow AMC t
- Investor's Business Daily
Stocks Strong As Dow Gains 300 Points; Nio Falls Hard, Tesla Retreats
The S&P 500 jumped 1%, while the Nasdaq added 1.3%. On Wednesday, the Nasdaq topped its all-time intraday high of 16,538, which it reached on March 22. Volume rose on the Nasdaq exchange and fell on the New York Stock Exchange vs. the same time in Tuesday's session.
- Reuters
Renaissance Technologies bought GameStop, AMC shares, filing says
Hedge fund Renaissance Technologies added a new long position in GameStop and significantly increased its position in AMC Entertainment during the first quarter, putting it in position to benefit from the meme stock mania sweeping through the U.S. equity market this week. Renaissance added 1,004,958 shares of videogame retailer GameStop during the quarter, which had a value of approximately $12.6 million at the end of March, according to a securities filing released on May 13. Quarterly disclosures of hedge fund managers' stock holdings in 13-F filings with the U.S. Securities and Exchange Commission are one of the few public ways of tracking what hedge fund managers are selling and buying.
