AMC Apes Drunk On Liquidity
The last time we discussed AMC Theaters was two weeks ago when its stock fell despite earnings and revenue beating estimates. At the time, we noted that the overhang from an upcoming shareholder vote and concern about the company’s liquidity was keeping a lid on performance. ⚰️
Shares have declined further since then, so let’s discuss how it got here and what happened at today’s shareholder vote.