AMC Inventory Alert: 2 Causes Why Traders Are Buzzing About AMC Leisure As we speak

AMC Leisure (NYSE:AMC) inventory is on the transfer Friday as buyers take to social media to debate current information concerning the firm. Earlier than we get too far into this, be aware that AMC is a meme inventory, which implies it’s liable to enthusiastic help from its buyers.

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AMC Inventory Buzz #1: #CitadelScandal

The primary, and sure largest, motive that AMC shareholders are excited at present has to do with a lawsuit making the rounds on Twitter (NYSE:TWTR). Customers are discussing the #CitadelScandal, which has additionally been affecting Robinhood (NASDAQ:HOOD) inventory.

This lawsuit is related to a halt in buying and selling that happened earlier this 12 months. That noticed Robinhood cease buying and selling for sure meme shares that had been rallying onerous. The lawsuit claims that market manipulation was behind this.

AMC Inventory Buzz #2: Debt Reimbursement

Subsequent up we’ve to debate AMC’s repaying its money owed. The corporate has entered into an settlement. This has it repurchasing $35 million of its 15% money / 17% payment-in-kind Toggle First Lien Secured Notes due in 2026.

Adam Aron, chairman and CEO of AMC Leisure, mentioned this concerning the mortgage compensation.

“The repurchase of a few of our highest value debt is without doubt one of the many steps that we’re taking to optimally place AMC for the longer term. Along with lowering our interest-bearing debt, we’re additionally utilizing our enhanced liquidity and enhancing enterprise fundamentals to make significant reductions in deferred hire obligations.”

AMC inventory was up barely as of Friday morning and is up 1,804% for the reason that begin of the 12 months.

There’s extra inventory market information to dive into under!

We’ve obtained all the most recent inventory protection that merchants must learn about at present. Amongst that’s Biomerica (NASDAQ:BMRA) hovering on a Walmart (NYSE:WMT) deal, why Merck (NYSE:MRK) is rising increased, in addition to this morning’s pre-market inventory movers. Yow will discover all the particulars on these matters on the following hyperlinks!

Extra Friday Inventory Market Information

On the date of publication, William White didn’t have (both instantly or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Tips.

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