stock rose in premarket trading on Wednesday after the world’s largest movie-theater chain disclosed that it owns a passive stake in
The news came via a 13G filing late Tuesday, which showed AMC (ticker: AMC) now owns a 6.8% of US movie theater advertiser National CineMedia.
Shares in AMC rose as much as 1.3% in premarket trading on Wednesday, before falling 1%. National CineMedia (NCMI) jumped 20%.
Meme stock favorite AMC last week reported first-quarter earnings that beat Wall Street expectations, helped by the release of big-ticket films such as “The Batman. ”
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