Memes leads to short squeezes of the company
AMC Entertainment Holdings Inc. (AMC) received significant media attention in early 2021 thanks to a short squeeze orchestrated by a social media forum that sent the company's stock prices skyrocketing through a period of intense volatility. Aside from a boost to the company's brand recognition, these events are expected to have relatively little impact on or relation to AMC’s long-term financial outlook. The ailments of the movie industry, especially amid the COVID-19 (coronavirus) pandemic, are too strong that it will take more than significant media attention to alleviate.
COVID|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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