AMC stock closes 45% higher on Monday, here’s why

AMC’s (AMC) stock gained 45% on Monday. Shares closed at $29.33 each, above their highest closing level of the year in early January.

The cinema chain’s CEO Adam Aron told Reuters investors should expect to see more “transformational” deals in the future.

“I’d like to think there will be more third-party external M&A announcements going forward where AMC can reach for the stars and intriguing investments that have potentially attractive returns,” Aron said.

Earlier this month AMC announced it…


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