Move Over, AMC: Here's a Short Squeeze Candidate With as Much Cash and a Brighter Future
Much has been said about the recent trend of groups of retail investors acting together to drive stocks of near-defunct companies higher. Unlike executives at several other companies in this position, the management team at AMC Entertainment (NYSE: AMC) took advantage of its recent stock price surge by selling stocks to raise cash - valued at nearly $ 600 million in June.
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