AMC completes $250 million stock sale during meme rally, shares jump 30%
Publishing timestamp: 2024-05-14 13:30:30
Summary
AMC Entertainment raised $250 million in new equity capital during meme stock craze triggered by "Roaring Kitty." GameStop also saw a surge in stock price. Warren Buffett's portfolio is heavily invested in 5 stocks. Bank of America recommends a shoe stock as an inflation winner. Morgan Stanley shares top picks for quarterly earnings. Tesla's price cuts could lead to a demand problem. Gundlach predicts one rate cut this year as Fed fights inflation.
Sentiment: MIXED
Tickers: AMC,
Keywords: investment strategy, breaking news: investing, breaking news: markets, business news, breaking news: business, stock markets, wall street, amc entertainment holdings inc, markets,
Source: https://www.cnbc.com/2024/05/14/amc-raises-250-million-in-stock-sale-during-mondays-meme-rally.html