AMC Gains 5% on Tokenization Truce Signal, Robinhood Barely Budges; Cinemark Treads Water
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The post AMC Gains 5% on Tokenization Truce Signal, Robinhood Barely Budges; Cinemark Treads Water appeared first on 24/7 Wall St..
Shares of AMC Entertainment (NYSE:AMC) are up 5% to $2.47 midday Friday after Robinhood Markets (NASDAQ:HOOD) co-founder and CEO Vlad Tenev signaled openness to defusing a public feud with AMC CEO Adam Aron over the tokenized shares that track the theater chain. AMC stock is now up 58% year to date (YTD), a run that dwarfs the 12% gain in the SPDR S&P 500 ETF Tr
Shares of AMC Entertainment (NYSE:AMC) are up 5% to $2.47 midday Friday after Robinhood Markets (NASDAQ:HOOD) co-founder and CEO Vlad Tenev signaled openness to defusing a public feud with AMC CEO Adam Aron over the tokenized shares that track the theater chain. AMC stock is now up 58% year to date (YTD), a run that dwarfs the 12% gain in the SPDR S&P 500 ETF Tr
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