AMC Entertainment Shares Spike On Unconfirmed Report That Amazon Is Circling

deadline.com:

By Jill Goldsmith Shares of AMC Entertainment were up a hefty 40% in early trading Monday on a report in U.K. outlet The Daily Mail that Amazon may be interested in acquiring the theater chain, which has been hard hit by COVID-19.

The report is not confirmed. AMC Entertainment had no comment. Amazon wasn’t immediately available to comment. Deadline sources are telling us that there are no talks.

The Daily Mail article was published on Sunday. AMC owns the Odeon circuit in the U.K. The stock movement was notable. AMC shares were trading at $5.62, up nearly 40%.

They had been up as much as 70% in premarket trade. It’s a welcome boost. From a 52-week high of nearly $14 the stock had fallen to a low of under $2 as revenue dried up when it –