AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher Monday amid continued retail investor interest.
AMC is trending across social media platforms as traders discuss the stock's short-squeeze potential. It was among the most mentioned tickers on Reddit's r/wallstreetbets over the last 24 hours. 17.29% of AMC's float is currently sold short, according to data from Benzinga Pro.
AMC shares charged higher on Friday after the world's second-largest movie theater chain Cineworld Group filed for bankruptcy.
AMC Entertainment CEO Adam Aron highlighted the joint success of AMC and Walt Disney Co (NYSE:DIS) via Twitter early Monday.
"Disney and AMC do huge movie business together. And I have said for years that the consumer’s voracious quest for content allows both movie theatres and st[r]eamers to thrive," Aron said via tweet.
The AMC CEO noted that Disney+ subscribers are set to gain access to special screenings at AMC theaters as part of an expanded perks package with Disney.
See Also: Activist Investor Daniel Loeb Retracts Stance Over Disney Spinning Off ESPN
AMC Price Action: AMC has a 52-week high of $34.33 and a 52-week low of $7.89.
The stock was up 5.3% at $10.24 at time of publication, according to Benzinga Pro.
Photo: Dave Dugdale from Flickr.
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