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Meme stock AMC extends rally, jumps more than 20% as theater chain sells new shares to an investor

Shares of AMC Entertainment surged again Tuesday after the theater chain sold more than 8 million shares to an investment firm, the latest in a series of capital raises for the struggling company turned meme stock.AMC said in a securities filing that it raised $230.5 million through a stock sale to Mudrick Capital Management. The theater company said it would use the funds for potential acquisitions, upgrading its theaters and deleveraging its balance sheet.Shares were up 22.6% when the market c
Meme stock AMC extends rally, jumps more than 20% as theater chain sells new shares to an investor

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