Move Over, AMC: Here's a Short Squeeze Candidate With as Much Cash and a Brighter Future

Move Over, AMC: Here's a Short Squeeze Candidate With as Much Cash and a Brighter Future
·4 min read

A lot has been made of the recent trend of groups of retail investors acting in concert to drive the shares of near-defunct businesses higher. Unlike the leaders of some other companies in that position, the management team at AMC Entertainment (NYSE: AMC) took advantage of its recent share price surge by selling shares to raise cash -- nearly $600 million worth in June.

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